How To Fix FKBT010 - Bank area &1, acct &2: Enter a valid reference acct for collection

FKBT010 - Overview

• Message type: E = Error

• Message class: FKBT - Alle Nachrichten zum Paket FKBT

• Message number: 010

• Message text: Bank area &1, acct &2: Enter a valid reference acct for collection

What causes this issue?

There is no reference account for the collection. However, a term
agreement needs to be collected.

System Response

The collection for the current term has failed since there is no
reference account from which the amount can be collected.

How to fix this error?

Enter the reference account details for the fixed term agreement account
on the <LS>SAP Easy Access</> screen under <LS>Bank Customer Accounts</>
-> <LS>Account </> -> <LS>Change</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKBT010 - Bank area &1, acct &2: Enter a valid reference acct for collection ?

  The SAP error message FKBT010 indicates that there is an issue with the configuration of a bank area and the associated accounts in the context of the collection process. Specifically, it suggests that a valid reference account for collection has not been entered or is not recognized in the system.
  
  Cause:
  
  Missing Reference Account: The reference account for the collection process is not defined in the system for the specified bank area and account.
  Incorrect Configuration: The bank area or account may not be properly configured in the system, leading to the inability to identify a valid reference account.
  Data Entry Error: There may be a typographical error in the bank area or account number being used.
  Authorization Issues: The user may not have the necessary permissions to access or modify the bank area or account settings.
  
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for the bank area and ensure that a valid reference account is defined.
  Use