How To Fix FKKPREP020 - Prepaid account &1 only allows postings in &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKPREP - Prepaid Functions

• Message number: 020

• Message text: Prepaid account &1 only allows postings in &2

What causes this issue?

You want to post document item &V3& on prepaid account &V1&. However,
the prepaid account only allows postings to &V2& and not to &V4&.

System Response

The document cannot be posted.

How to fix this error?

Post to &V2&. If that is not possible (for example, for incoming
payments), post the amount initially to &V4& on the related contract
account, without specifying a prepaid account. Then use the transaction
for manual postings to prepaid accounts to transfer the offsetting value
in &V2& to the prepaid account.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKKPREP020 - Prepaid account &1 only allows postings in &2 ?

  The SAP error message FKKPREP020 indicates that a prepaid account (in this case, represented by &1) is restricted to allow postings only in a specific period (represented by &2). This typically occurs in the context of financial transactions involving prepaid accounts, where the system enforces certain rules regarding when and how postings can be made.
  Cause:
  
  Period Restrictions: The prepaid account is configured to allow postings only in a specific period. This could be due to settings in the account configuration or due to the fiscal year variant settings.
  Posting Date: The posting date of the transaction you are trying to execute falls outside the allowed period for that prepaid account.
  Account Configuration: The account may have been set up with specific restrictions that limit the periods in which it can be used for postings.
  
  Solution:
  
  Check Posting Date: Verify the posting date of the transaction you are trying to execute. Ensure that it falls within the allowed period for the prepaid account.
  Review Account Configuration: Check the configuration of the prepaid account in the SAP system. You may need to review the settings in the Financial Accounting (FI) module to see if there are any restrictions on the account.
  Adjust Period Settings: If necessary, adjust the period settings for the prepaid account to allow postings in the desired period. This may involve changing the fiscal year variant or the specific settings for the account.
  Consult with Finance Team: If you are unsure about making changes to account settings, consult with your finance team or SAP administrator to ensure compliance with financial policies and procedures.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB52 (to open/close posting periods) or FS00 (to manage G/L accounts) to check or modify account settings.
  Documentation: Refer to SAP documentation or help resources for detailed information on managing prepaid accounts and understanding posting period restrictions.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling prepaid accounts.
  
  By following these steps, you should be able to resolve the error and successfully post to the prepaid account.