How To Fix FTR0113 - No residence time defind for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR0 - Treasury: Financial Transaction

• Message number: 113

• Message text: No residence time defind for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR0113 - No residence time defind for company code &1 ?

  The SAP error message FTR0113 indicates that there is no residence time defined for a specific company code in the context of financial transactions, particularly in the area of treasury and risk management. This error typically arises when you are trying to execute a transaction that requires a residence time setting, but it has not been configured for the specified company code.
  Cause:
  The primary cause of this error is the absence of a residence time definition for the company code in the system. Residence time is often used in financial transactions to determine how long a financial instrument is held before it is settled or matured.
  Solution:
  To resolve the error FTR0113, you need to define the residence time for the affected company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting -> Financial Instruments -> Define Residence Time
  
  
  
  
  Define Residence Time:
  
  In the configuration screen, you will need to create or modify the residence time settings.
  Enter the relevant details for the company code that is causing the error.
  Specify the residence time according to your business requirements.
  
  
  
  Save Changes:
  
  After entering the necessary information, save your changes.
  
  
  
  Test the Transaction:
  
  After defining the residence time, try to execute the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (to manage company codes) or FTR_CREATE (to create financial transactions) depending on your specific needs.
  Documentation: Refer to SAP documentation or help files for more detailed information on residence time and its implications in financial transactions.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the error persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in treasury and risk management to further investigate the issue.