How To Fix K-709 - No collateral type of category 'personal' exists

SAP Error Message - Details

• Message type: E = Error

• Message class: K- -

• Message number: 709

• Message text: No collateral type of category 'personal' exists

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message K-709 - No collateral type of category 'personal' exists ?

  The SAP error message K-709 "No collateral type of category 'personal' exists" typically occurs in the context of SAP's Controlling (CO) module, particularly when dealing with cost centers, internal orders, or other financial transactions that involve collateral management.
  Cause:
  The error indicates that the system is trying to reference a collateral type categorized as 'personal', but it cannot find any defined collateral types in the system that match this category. This could happen due to several reasons:
  
  Missing Configuration: The collateral type for 'personal' may not have been configured in the system.
  Incorrect Settings: The settings for collateral management may not be correctly defined or activated.
  Data Entry Error: There may be a mistake in the data entry where the system is looking for a collateral type that does not exist.
  
  Solution:
  To resolve the K-709 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for collateral management in SAP. This is usually found under the Financial Accounting (FI) or Controlling (CO) module.
  Verify if the collateral type for 'personal' is defined. If it is not, you will need to create it.
  
  
  
  Create Collateral Type:
  
  If the collateral type does not exist, you can create it by navigating to the appropriate configuration path (e.g., SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Collateral Management > Define Collateral Types).
  Ensure that you define the collateral type with the correct parameters and assign it to the appropriate category.
  
  
  
  Review Master Data:
  
  Check the master data related to the transaction that triggered the error. Ensure that the collateral type being referenced is valid and exists in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to collateral management for any additional configuration steps that may be required.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify collateral types.
  System Version: Be aware that the steps may vary slightly depending on the version of SAP you are using, so always refer to the version-specific documentation.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Controlling and collateral management.