How To Fix FWTR060 - Update types are not defined in Customizing for the close-flow

FWTR060 - Overview

• Message type: E = Error

• Message class: FWTR - Securities Transaction Management

• Message number: 060

• Message text: Update types are not defined in Customizing for the close-flow

What causes this issue?

In the case of product type &V1& and transaction type &V2&, the update
type for updating the position of the close-flow is not defined
correctly in Customizing.

System Response

The function cannot be executed.

How to fix this error?

In Customizing, check if an update type for the close-flow is defined
in the cases of product type &V1& and transaction type &V2&.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FWTR060 - Details

• The SAP error message FWTR060 indicates that the update types required for the close-flow process are not defined in the system's Customizing settings. This error typically arises in the context of financial closing processes, particularly when working with the Financial Closing cockpit or similar functionalities in SAP.
  
  Cause:
  The primary cause of this error is that the necessary update types for the closing process have not been configured in the system. Update types are essential for defining how data is processed during the closing activities, and if they are missing, the system cannot proceed with the closing operations.
  
  Solution:
  To resolve the FWTR060 error, you need to define the required update types in the Customizing settings. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen.
  Enter transaction code SPRO to access the SAP Reference IMG.
  
  
  
  Navigate to the Relevant Path:
  
  Follow the path: Financial Accounting (New) -> Financial Closing -> Define Update