How To Fix FKK_FACT042 - Doc. &1 cannot be canceled since receivables are already sold

FKK_FACT042 - Overview

• Message type: E = Error

• Message class: FKK_FACT - FI-CA: Factoring

• Message number: 042

• Message text: Doc. &1 cannot be canceled since receivables are already sold

What causes this issue?

Document &V1& results from the sale of receivables to a factor. The
factor has accepted the receivable, the response of the factor has been
processed. A reversal of this sales document would not require
communication to the factor to inform him that the receivables that have
already been sold should now however not be sold.
However, the follow-on postings can already be executed by the
notification of payments or clearings.
Therefore the sales document &V1& cannot be reversed.

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?

If you require this scenario, post a document with offsetting items
manually.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FKK_FACT042 - Details

• The SAP error message FKK_FACT042 indicates that a document (in this case, a receivable) cannot be canceled because it has already been sold. This typically occurs in the context of accounts receivable and factoring processes, where receivables are sold to a third party (like a financial institution) for immediate cash.
  
  Cause:
  
  Receivable Sold: The primary reason for this error is that the receivable associated with the document has already been sold to a factoring company or another financial institution. Once a receivable is sold, it cannot be canceled in the original system because it is no longer considered an asset of the company.
  Document Status: The document may have a status that prevents cancellation, such as being in a closed state or having been processed in a way that locks it for further changes.
  
  
  Solution:
  
  Check Document Status: Verify the status of the document in question. If it has been sold, you will need to