How To Fix FKK_FACT008 - Factoring is not active

SAP Error Message - Details

• Message type: E = Error

• Message class: FKK_FACT - FI-CA: Factoring

• Message number: 008

• Message text: Factoring is not active

What causes this issue?

There is no company code for which factoring is activated

System Response

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

How to fix this error?

Maintain the parameter "<LS>Factoring Active</>" in the table TFK001B
for the company code for which you want to activate factoring.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_FACT008 - Factoring is not active ?

  The SAP error message FKK_FACT008 indicates that factoring is not active in the system. This error typically arises in the context of financial transactions involving factoring, which is a financial transaction where a business sells its accounts receivable to a third party (the factor) at a discount.
  Cause:
  The primary cause of this error is that the factoring functionality has not been activated or configured in the SAP system. This can happen if:
  
  The necessary configuration settings for factoring have not been completed.
  The company code or business area does not have factoring enabled.
  The relevant customizing settings in the SAP system are missing or incorrect.
  
  Solution:
  To resolve the FKK_FACT008 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Supply Chain Management > Contract Accounts Receivable and Payable > Basic Functions > Factoring.
  Ensure that the necessary settings for factoring are activated for your company code.
  
  
  
  Activate Factoring:
  
  If factoring is not activated, you will need to enable it. This may involve defining the factoring types, setting up the necessary parameters, and ensuring that the relevant accounts are configured correctly.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code you are working with has the factoring functionality enabled. This can be checked in the configuration settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to factoring to ensure that all necessary steps have been followed for configuration.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult with SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Factoring Types: Understand the different types of factoring (e.g., recourse vs. non-recourse) and how they are configured in SAP.
  Integration with Other Modules: Factoring may have implications for other modules such as Accounts Receivable, Financial Accounting, and Treasury. Ensure that all related modules are properly configured.
  User Roles and Authorizations: Ensure that the user attempting the transaction has the necessary authorizations to perform factoring-related activities.
  
  By following these steps, you should be able to resolve the FKK_FACT008 error and successfully activate factoring in your SAP system.