How To Fix FY067 - Receivables account &1 not managed on an open basis in all company codes

SAP Error Message - Details

• Message type: E = Error

• Message class: FY - Payment Cards

• Message number: 067

• Message text: Receivables account &1 not managed on an open basis in all company codes

What causes this issue?

<DS:DE.XOPVW>Open item management</> is not active for the receivables
account &V1& in the following company codes, despite the fact that this
is required in order to settle card payments, (as is stated in the
<DS:SIMG.SIMG_CFORFBTCCAA>documentation
</> of the IMG activity).
Company codes:
&V2&
&V3&
&V4&

System Response

How to fix this error?

Set <DS:DE.XOPVW>Open item management</> to active in the G/L account
settings of the company codes listed, if you want to use the account as
receivables account for card payments.
<DS:TRAN.FS02>Proceed</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FY067 - Receivables account &1 not managed on an open basis in all company codes ?

  The SAP error message FY067 indicates that the specified receivables account is not managed on an open item basis in all company codes. This typically occurs when you attempt to perform a transaction that requires open item management for a receivables account that is not set up accordingly.
  Cause:
  
  Account Configuration: The receivables account in question is not configured to be managed on an open item basis. This means that the account is set up in a way that does not allow for tracking individual items (invoices, payments, etc.) that are open.
  Company Code Settings: The error may arise if the account is not set up correctly in all relevant company codes. Each company code can have different settings for accounts, and if one company code is set to manage the account on an open item basis while another is not, this can lead to inconsistencies.
  Transaction Type: The type of transaction being executed may require open item management, such as certain types of postings or clearing operations.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the account configuration in the SAP system (Transaction Code: FS00).
  Verify that the receivables account is set to "Open Item Management" for the relevant company codes.
  If it is not set, you will need to change the account settings to enable open item management.
  
  
  
  Adjust Company Code Settings:
  
  Ensure that the account is consistently configured across all company codes that you are working with.
  If necessary, create a new account that is set up correctly for open item management.
  
  
  
  Review Transaction:
  
  Check the transaction you are trying to execute to ensure it is appropriate for the account type. If the transaction does not require open item management, consider using a different account or transaction type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP administrator for specific guidelines on managing receivables accounts and open item management.
  
  
  
  Related Information:
  
  Open Item Management: This is a method of accounting where individual transactions (like invoices and payments) are tracked separately until they are cleared. This is common for accounts receivable and payable.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (G/L Account Master Record), FBL5N (Customer Line Item Display), and FB03 (Display Document) for further investigation.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to error message FY067.
  
  By following these steps, you should be able to resolve the error and ensure that your receivables account is properly configured for open item management.