How To Fix FMFG114 - Bank Statement Reconcilation must be selected along with a Variant

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFG - U.S. Federal Government Message Class

• Message number: 114

• Message text: Bank Statement Reconcilation must be selected along with a Variant

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMFG114 - Bank Statement Reconcilation must be selected along with a Variant ?

  The SAP error message FMFG114 indicates that when you are trying to perform a bank statement reconciliation, you must select a reconciliation variant along with the bank statement. This error typically occurs in the context of the SAP Funds Management module, particularly when dealing with bank statement processing.
  Cause:
  The error arises because the system requires a specific reconciliation variant to be defined for processing bank statements. A reconciliation variant contains settings that determine how the bank statement will be processed, including rules for matching transactions, handling discrepancies, and other parameters.
  Solution:
  To resolve the FMFG114 error, follow these steps:
  
  
  Select a Reconciliation Variant:
  
  When you are in the bank statement processing screen, ensure that you select a reconciliation variant from the available options. This is usually done in a dropdown menu or selection field.
  
  
  
  Define a Reconciliation Variant (if necessary):
  
  If you do not have a reconciliation variant defined, you may need to create one. This can typically be done in the configuration settings of the SAP system:
  
  Navigate to the configuration area for Funds Management.
  Look for settings related to bank statement processing or reconciliation variants.
  Define a new variant with the necessary parameters.
  
  
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to access and select reconciliation variants. If you do not have the required permissions, contact your SAP administrator.
  
  
  
  Consult Documentation:
  
  Refer to the SAP documentation or help files for more detailed instructions on how to set up and use reconciliation variants in your specific version of SAP.
  
  
  
  Testing:
  
  After selecting the appropriate reconciliation variant, try processing the bank statement again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FF67 (for manual bank statement processing) or FBPM (for bank statement processing in Funds Management).
  SAP Notes: Check SAP Notes for any known issues or patches related to bank statement processing and reconciliation variants.
  Training and Support: If you are new to SAP or the Funds Management module, consider seeking training or support from your organization’s SAP team or external consultants.
  
  By following these steps, you should be able to resolve the FMFG114 error and successfully process your bank statement reconciliation in SAP.