How To Fix FTVV_MESSAGES098 - Status must not be maintained for this product type

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 098

• Message text: Status must not be maintained for this product type

What causes this issue?

You can only maintain a status for loan product types.
For securities product types, status '0' is needed. This is generated
by the system if you leave the 'Status' field empty.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES098 - Status must not be maintained for this product type ?

  The SAP error message FTVV_MESSAGES098 with the description "Status must not be maintained for this product type" typically occurs in the context of managing product types in SAP, particularly when dealing with financial transactions or product master data.
  Cause:
  This error usually arises when there is an attempt to set or maintain a status for a product type that is not allowed. In SAP, certain product types have predefined rules regarding their status, and if you try to assign a status that is not permitted for that specific product type, you will encounter this error.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Product Type Configuration:
  
  Go to the configuration settings for the product type in question. This can usually be found in the customizing settings (SPRO) under the relevant module (e.g., Financial Accounting, Controlling, etc.).
  Verify the allowed statuses for the product type and ensure that you are not trying to assign a status that is restricted.
  
  
  
  Review Status Assignment:
  
  If you are trying to maintain a status for a product, ensure that the status you are trying to assign is valid for that product type.
  If necessary, consult with your SAP administrator or functional consultant to understand the valid statuses for the product type.
  
  
  
  Adjust Data Entry:
  
  If you are entering data manually, double-check the entries to ensure that you are not inadvertently trying to set an invalid status.
  
  
  
  Consult Documentation:
  
  Review any relevant SAP documentation or help files that pertain to the specific product type and its status management.
  
  
  
  Seek Support:
  
  If the issue persists, consider reaching out to SAP support or your internal IT support team for further assistance. They may have additional insights or access to logs that can help diagnose the issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with transaction codes related to product master data management, such as MM01 (Create Material), MM02 (Change Material), or others relevant to your specific context.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on managing product types and statuses.
  User Roles and Authorizations: Ensure that the user attempting to make the changes has the necessary authorizations to modify product statuses.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.