How To Fix FKK_FACT008 - Factoring is not active

FKK_FACT008 - Overview

• 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.

FKK_FACT008 - Details

• 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