How To Fix K5077 - Reconciliation account is undefined.

SAP Error Message - Details

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 077

• Message text: Reconciliation account is undefined.

What causes this issue?

In account assignment for reconciliation posting, no account was stored
in company code &V1& for transaction &V2& and object class &V3&.

System Response

The report identifies the values without an account number.

How to fix this error?

To carry out reconciliation postings, you must maintain the account
assignments.
No additional actions are necessary in reporting.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K5077 - Reconciliation account is undefined. ?

  The SAP error message K5077, which states "Reconciliation account is undefined," typically occurs in the context of financial accounting and controlling when there is an issue with the configuration of reconciliation accounts in the system. This error can arise in various scenarios, such as during the posting of transactions or when trying to execute certain reports.
  Cause:
  
  Missing Configuration: The reconciliation account for a specific account type (like customer or vendor) has not been defined in the system.
  Incorrect Account Assignment: The account being used in the transaction does not have a valid reconciliation account assigned.
  Master Data Issues: The master data for the customer or vendor may not be properly set up, leading to the absence of a reconciliation account.
  Account Type Mismatch: The account type being used in the transaction may not correspond to a valid reconciliation account.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: OBY6 for reconciliation accounts).
  Ensure that the reconciliation accounts for the relevant account types (like customers or vendors) are properly defined.
  
  
  
  Review Master Data:
  
  Check the master data for the customer or vendor involved in the transaction (Transaction Code: FD03 for customers, FK03 for vendors).
  Ensure that the reconciliation account is correctly assigned in the master data.
  
  
  
  Correct Account Assignment:
  
  If you are posting a transaction, verify that the account you are using is indeed a reconciliation account and is correctly set up in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to reconciliation accounts for further guidance on proper setup and configuration.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBY6: Configuration for reconciliation accounts.
  FD03: Display customer master data.
  FK03: Display vendor master data.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify account settings.
  
  
  Consulting with SAP Support: If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance.
  
  
  By following these steps, you should be able to resolve the K5077 error and ensure that your reconciliation accounts are properly configured in SAP.