How To Fix FKYCHK024 - Invalid reporting status for redeemability

SAP Error Message - Details

• Message type: E = Error

• Message class: FKYCHK - Messages for Check Processing

• Message number: 024

• Message text: Invalid reporting status for redeemability

What causes this issue?

In the IMG for Contract Accounts Receivable and Payable, you can define
a default value for the report status of the redeemability of a check.
For bank &V1&, account &V2&, the value <ZH>Already reported</> has been
defined.
This value can only be set from check management.

System Response

Processing is terminated.

How to fix this error?

Correct the Customizing. Change the value to <LB>Must be reported</> or
<LB>Not to be reported</>.

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 FKYCHK024 - Invalid reporting status for redeemability ?

  The SAP error message FKYCHK024: Invalid reporting status for redeemability typically occurs in the context of financial transactions, particularly when dealing with the redeemability of financial instruments or securities. This error indicates that there is an issue with the reporting status of a financial instrument that is being processed, which may not align with the expected values or configurations in the system.
  Causes:
  
  Incorrect Configuration: The reporting status for redeemability may not be correctly configured in the system. This could be due to missing or incorrect settings in the financial instrument master data.
  Data Inconsistency: There may be inconsistencies in the data related to the financial instrument, such as missing fields or incorrect values that do not match the expected reporting status.
  Transaction Type Issues: The type of transaction being processed may not be compatible with the redeemability status of the financial instrument.
  Authorization Issues: The user may not have the necessary authorizations to perform the transaction related to redeemability.
  
  Solutions:
  
  Check Configuration: Review the configuration settings for the financial instrument in question. Ensure that the reporting status for redeemability is correctly set up in the system.
  Validate Data: Check the master data for the financial instrument to ensure that all required fields are filled out correctly and that the values are consistent with the expected reporting status.
  Review Transaction Type: Ensure that the transaction type being processed is appropriate for the redeemability status of the financial instrument. If necessary, adjust the transaction type or the instrument's status.
  User Authorizations: Verify that the user attempting the transaction has the necessary authorizations to perform actions related to redeemability. If not, consult with your SAP security team to obtain the required permissions.
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the reporting status and redeemability settings. This can provide insights into what values are acceptable and how to configure them correctly.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message. SAP Notes often contain patches, updates, or additional guidance for resolving known issues.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in troubleshooting, such as:
  
  SE11: Data Dictionary to check table definitions.
  SE37: Function Module to analyze related function modules.
  SE80: Object Navigator for checking program logic.
  
  
  Support Forums: Consider visiting SAP Community forums or other support platforms where similar issues may have been discussed, providing additional insights or solutions.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP financial modules for further assistance.