How To Fix FKK_FACT307 - Name of factoring company is not filled

FKK_FACT307 - Overview

• Message type: E = Error

• Message class: FKK_FACT - FI-CA: Factoring

• Message number: 307

• Message text: Name of factoring company is not filled

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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Smart SAP Assistant

• What is the cause and solution for SAP error message FKK_FACT307 - Name of factoring company is not filled ?

  The SAP error message FKK_FACT307 indicates that the name of the factoring company is not filled in the relevant configuration or transaction. This error typically occurs in the context of financial transactions involving factoring, where a company sells its receivables to a third party (the factoring company) to improve cash flow.
  
  Cause:
  
  Missing Configuration: The factoring company may not be properly configured in the system.
  Incomplete Data Entry: During the transaction entry, the name of the factoring company was not provided.
  Master Data Issues: The master data for the factoring company may be incomplete or not maintained correctly.
  
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for factoring in SAP. Ensure that the factoring company is defined correctly in the system.
  Go to the relevant customizing transaction (e.g., SPRO) and check the settings under Financial Accounting (FI) > Accounts Receivable and Accounts Payable > Special Functions > Factoring.
  
  
  
  Enter the Factoring Company Name:
  
  If you are entering a transaction, ensure