How To Fix J3740 - Futures account & & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: J3 - Dialog Messages for Data Pool Entry Transactions

• Message number: 740

• Message text: Futures account & & does not exist

What causes this issue?

The futures account does not yet exist in the system.
Note that in SEM Banking as from Release 4.62, in addition to the
securities account, you must also create a futures account for listed
derivates, using the same name as for the securities account.

System Response

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

How to fix this error?

Maintain the futures account in transaction TPM4.

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 J3740 - Futures account & & does not exist ?

  The SAP error message J3740, which states "Futures account & & does not exist," typically occurs in the context of SAP's Commodity Management or Financial Accounting modules when dealing with futures contracts. This error indicates that the system is unable to find a specified futures account in the system.
  Cause:
  
  Missing Account: The futures account referenced in the transaction does not exist in the system. This could be due to a typo in the account number or the account not being created in the system.
  Incorrect Configuration: The configuration settings for futures accounts may not be set up correctly in the system.
  Data Migration Issues: If data was migrated from another system, some accounts may not have been transferred correctly.
  Authorization Issues: The user may not have the necessary permissions to access the futures account.
  
  Solution:
  
  
  Verify Account Existence:
  
  Check if the futures account number mentioned in the error message is correct.
  Use transaction codes like OB52 or FS00 to verify if the account exists in the system.
  
  
  
  Create the Account:
  
  If the account does not exist, you may need to create it. This can typically be done using transaction code FS00 to create a new G/L account.
  Ensure that the account is set up with the correct account type and settings for futures trading.
  
  
  
  Check Configuration:
  
  Review the configuration settings for futures accounts in the system. This may involve checking the settings in the Customizing (SPRO) area related to Commodity Management or Financial Accounting.
  Ensure that all necessary settings for futures trading are properly configured.
  
  
  
  Data Migration Review:
  
  If the error occurred after a data migration, review the migration process to ensure that all necessary accounts were included and correctly set up.
  
  
  
  User Authorization:
  
  Check if the user has the necessary authorizations to access the futures account. This may involve reviewing user roles and permissions in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on futures accounts and related configurations.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FS00 (Create G/L Account), OB52 (Open/Close Posting Periods), and SPRO (Customizing).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.