How To Fix FKKSEC407 - Enter the contract account of the private guarantor &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKSEC - Contract Accounts Receivable and Payable: Security Deposit

• Message number: 407

• Message text: Enter the contract account of the private guarantor &1

What causes this issue?

You have flagged the guarantor as a private person.

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?

Enter the contract account for the guarantor also. This account is
required for any clearings needed.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKKSEC407 - Enter the contract account of the private guarantor &1 ?

  The SAP error message FKKSEC407, which states "Enter the contract account of the private guarantor &1," typically occurs in the context of the SAP Contract Accounts Receivable and Payable (FI-CA) module. This error indicates that a required field for the private guarantor's contract account is missing or not filled in correctly.
  Cause:
  
  Missing Contract Account: The error usually arises when a transaction or process requires the contract account of a private guarantor, but it has not been provided.
  Incorrect Configuration: There may be issues with the configuration of the private guarantor settings in the system.
  Data Entry Error: The user may have overlooked entering the necessary information in the relevant fields.
  
  Solution:
  
  Enter the Contract Account: Ensure that the contract account for the private guarantor is entered in the relevant field. This is typically done in the transaction or screen where the error is occurring.
  Check Configuration: Review the configuration settings for private guarantors in the SAP system. Ensure that all necessary settings are correctly configured.
  Validate Data Entry: Double-check the data entry to ensure that all required fields are filled out correctly. Look for any typos or missing information.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling private guarantor settings and contract accounts.
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in the FI-CA module that may be related to managing contract accounts and guarantors.
  User Roles and Authorizations: Ensure that the user has the necessary permissions to access and modify contract account information.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  
  By following these steps, you should be able to address the FKKSEC407 error and ensure that the necessary information for the private guarantor is correctly entered in the system.