How To Fix FTR0055 - Settlement of transaction &1 terminated due to errors

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 055

• Message text: Settlement of transaction &1 terminated due to errors

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0055 - Settlement of transaction &1 terminated due to errors ?

  The SAP error message FTR0055 indicates that the settlement of a financial transaction (typically related to financial instruments) has been terminated due to errors. This error can occur in various scenarios, such as during the settlement of derivatives, loans, or other financial instruments in the SAP system.
  Causes of Error FTR0055
  
  
  Missing or Incorrect Data: The transaction may have missing or incorrect data that prevents it from being settled. This could include missing account assignments, incorrect amounts, or invalid dates.
  
  
  Configuration Issues: There may be configuration issues in the financial instruments module (e.g., missing settings for valuation, settlement, or accounting).
  
  
  Posting Period Issues: The posting period may be closed or not open for the transaction type being settled.
  
  
  Authorization Issues: The user may not have the necessary authorizations to perform the settlement.
  
  
  Technical Errors: There could be underlying technical issues, such as problems with the database or application server.
  
  
  Solutions to Error FTR0055
  
  
  Check Transaction Data: Review the transaction data for completeness and correctness. Ensure that all required fields are filled out and that the data is valid.
  
  
  Review Configuration: Check the configuration settings for the financial instruments module. Ensure that all necessary settings for the transaction type are correctly configured.
  
  
  Open Posting Period: Verify that the posting period for the transaction is open. If it is closed, you may need to open it or adjust the transaction date.
  
  
  Authorization Check: Ensure that the user has the necessary authorizations to perform the settlement. You may need to consult with your SAP security team.
  
  
  Error Logs: Check the application logs (transaction SLG1) for more detailed error messages that can provide insights into what went wrong during the settlement process.
  
  
  Reprocess the Transaction: If the issue is resolved, attempt to reprocess the settlement transaction.
  
  
  Consult SAP Notes: Look for relevant SAP Notes that may address this specific error. SAP frequently releases notes that provide solutions or workarounds for known issues.
  
  
  Contact SAP Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support for assistance.
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT (to edit financial transactions) and FTR_COMMIT (to commit transactions).
  Documentation: Review SAP documentation related to financial instruments and settlements for additional context and troubleshooting steps.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify the cause of the FTR0055 error and implement a solution to resolve it.