How To Fix FKK_CM055 - No company code participates in Collections Management

FKK_CM055 - Overview

• Message type: E = Error

• Message class: FKK_CM -

• Message number: 055

• Message text: No company code participates in Collections Management

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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FKK_CM055 - Details

• The SAP error message FKK_CM055 indicates that there are no company codes configured to participate in Collections Management. This error typically arises when you attempt to access or process collections management functions without having the necessary configuration in place.
  
  Cause:
  
  Missing Configuration: The primary cause of this error is that the company code you are working with has not been set up to participate in Collections Management.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration of the Collections Management module.
  Authorization Issues: In some cases, the user may not have the necessary authorizations to access the company code in question.
  
  
  Solution:
  To resolve the FKK_CM055 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) ? Financial Accounting ? Accounts Receivable and Accounts Payable ? Collections Management ? Basic Settings ? Define Company Codes for Collections Management.
  Ensure that the relevant company code is listed and properly