How To Fix FTR_LC058 - Specify the transaction type

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 058

• Message text: Specify the transaction type

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC058 - Specify the transaction type ?

  The SAP error message FTR_LC058, which states "Specify the transaction type," typically occurs in the context of financial transactions, particularly in the area of treasury and risk management. This error indicates that the system requires a specific transaction type to be defined for the operation you are trying to perform, but it has not been provided.
  Cause:
  
  Missing Transaction Type: The most common cause of this error is that the transaction type has not been specified in the relevant screen or configuration.
  Configuration Issues: There may be issues with the configuration of transaction types in the system, which could lead to the system not recognizing the transaction type.
  User Input Error: The user may have overlooked entering the transaction type or may have entered it incorrectly.
  
  Solution:
  
  Specify Transaction Type: Ensure that you enter a valid transaction type in the relevant field. This is usually done in the transaction entry screen where you are trying to create or process a financial transaction.
  Check Configuration: If you are an administrator or have access to configuration settings, check the configuration for transaction types in the treasury module. Ensure that the transaction types are correctly defined and active.
  Review Documentation: Consult the SAP documentation or help files related to the specific transaction you are working with to understand what transaction types are available and required.
  User Training: If this error is occurring frequently among users, consider providing additional training or resources to ensure they understand how to properly enter transaction types.
  
  Related Information:
  
  Transaction Types: In SAP, transaction types are used to categorize different types of financial transactions (e.g., loans, deposits, investments). Each transaction type may have specific settings and rules associated with it.
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message. SAP frequently releases notes that address specific error messages and provide guidance on how to resolve them.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FTR_LC058 error and successfully process your transaction in SAP.