How To Fix FTR_TRCC020 - No update types defined for account symbol &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TRCC - Currency Changeover: Messages

• Message number: 020

• Message text: No update types defined for account symbol &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TRCC020 - No update types defined for account symbol &1 ?

  The SAP error message FTR_TRCC020 indicates that there are no update types defined for the specified account symbol in the context of financial transactions, particularly in the area of treasury and risk management. This error typically arises when the system is trying to process a transaction that requires specific update types for the account symbol, but none have been configured.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the account symbol specified in the transaction does not have any associated update types defined in the system.
  Incorrect Account Symbol: The account symbol being used may not be valid or may not have been set up correctly in the system.
  System Customization: If the system has been customized, it is possible that the necessary configurations for the account symbol were not included.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Account Symbol Configuration:
  
  Go to the configuration settings for treasury and risk management in SAP.
  Navigate to the section where account symbols are defined (usually under Financial Accounting or Treasury).
  Verify if the account symbol in question has been defined and if it has associated update types.
  
  
  
  Define Update Types:
  
  If the account symbol exists but lacks update types, you will need to define the necessary update types for it.
  This can typically be done in the customizing settings (transaction code SPRO) under the relevant section for treasury management.
  
  
  
  Validate Transaction Data:
  
  Ensure that the transaction data being processed is correct and that the account symbol is being used appropriately.
  Check if there are any typos or incorrect references in the transaction.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to treasury and risk management for guidance on setting up account symbols and update types.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to SAP support for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), FTR_EDIT (Edit Financial Transaction), and others that may help in navigating the configuration settings.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.