How To Fix ICC-KR714 - Negative postings are currently not permitted for company code &

ICC-KR714 - Overview

• Message type: E = Error

• Message class: ICC-KR - Localization (South Korea)

• Message number: 714

• Message text: Negative postings are currently not permitted for company code &

Self-Explanatory Message

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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.

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ICC-KR714 - Details

• The SAP error message ICC-KR714 indicates that negative postings are not allowed for a specific company code in the system. This error typically arises when a user attempts to post a transaction that would result in a negative balance for an account that is configured to disallow such postings.
  
  Cause:
  
  Configuration Settings: The company code may be configured to prevent negative postings. This is often a setting in the financial accounting module (FI) that restricts certain accounts from having negative balances.
  Account Type: The account type being used in the transaction may not allow negative postings. For example, certain asset or expense accounts may be set up to prevent negative balances.
  Posting Period: The posting period may be closed, and the system does not allow adjustments that would lead to negative balances in that period.
  
  
  Solution:
  
  
  Check Configuration: 
  
  Go to the configuration settings for the company code in the SAP system. You can check the settings