How To Fix FKYCHK024 - Invalid reporting status for redeemability

FKYCHK024 - Overview

• 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