How To Fix K5077 - Reconciliation account is undefined.

K5077 - Overview

• 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.

K5077 - Details

• 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