How To Fix FKK_CM062 - No collection strategy defined for master data group &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_CM -

• Message number: 062

• Message text: No collection strategy defined for master data group &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_CM062 - No collection strategy defined for master data group &1 ?

  The SAP error message FKK_CM062 indicates that there is no collection strategy defined for the specified master data group. This error typically occurs in the context of contract accounts receivable and payable (FI-CA) when the system is trying to execute a collection process but cannot find a defined strategy for the specified group.
  Cause:
  
  Missing Collection Strategy: The primary cause of this error is that the collection strategy has not been defined for the master data group in question. This could be due to configuration oversight or changes in the master data that have not been reflected in the collection strategy settings.
  Incorrect Master Data Group: The master data group specified in the error message may not be correctly set up or may not exist in the system.
  Configuration Issues: There may be issues in the configuration settings related to the collection management module.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Define Collection Strategy:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Accounts Receivable and Accounts Payable > Contract Accounts Receivable and Payable > Collection Management > Define Collection Strategies.
  Check if a collection strategy exists for the specified master data group. If not, create a new collection strategy and assign it to the relevant master data group.
  
  
  
  Check Master Data Group:
  
  Verify that the master data group referenced in the error message is correctly defined in the system.
  Ensure that the group is active and properly configured.
  
  
  
  Assign Collection Strategy:
  
  If a collection strategy exists but is not assigned to the master data group, you need to assign it accordingly.
  
  
  
  Testing:
  
  After making the necessary changes, test the collection process again to ensure that the error is resolved.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to collection management for additional guidance on setting up collection strategies.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like SPRO for configuration, FQZ0 for managing collection strategies, and FQZ1 for defining the master data groups.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in FI-CA for further assistance.