How To Fix FKKPREP160 - No closing processing for account &1, first processing still outstanding

FKKPREP160 - Overview

• Message type: E = Error

• Message class: FKKPREP - Prepaid Functions

• Message number: 160

• Message text: No closing processing for account &1, first processing still outstanding

What causes this issue?

When a prepaid account is closed, the system updates two triggers for
the closing operations in table FKKPREPACC_CLOSE.
The E trigger initiates the first processing.
The F trigger is responsible for final processing.

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

The E trigger can be processed immediately, whereas an amount of time
defined in Customizing has to elapse before the F trigger can be
processed.
Once a trigger is processed successfully, the system deletes it.
As soon as a prepaid account has no more triggers, you can archive the
closed prepaid account.
For manual postprocessing, you use transaction FP40P (see the SAP Easy
Access screen under <LS>Account -> Prepaid -> Process Prepaid Balance</>
).

System Response

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FKKPREP160 - Details

• The SAP error message FKKPREP160 indicates that there is an issue with the closing processing for a specific account. The message states that there is no closing processing for the account specified (denoted by &1), and that there is still some processing outstanding.
  
  Cause:
  This error typically occurs in the context of contract accounts receivable and payable (FI-CA) when the system attempts to perform a closing operation (like a month-end or year-end closing) but finds that there are still open items or transactions that need to be processed for the specified account. This can happen due to:
  
  Open Items: There are still open items in the account that have not been cleared or processed.
  Pending Transactions: There are transactions that have not been finalized or posted.
  Incorrect Configuration: The account may not be set up correctly for closing processing.
  Timing Issues: The closing process may have been initiated before all necessary transactions were completed.
  
  
  Solution:
  To resolve this