How To Fix KD129 - &1 is not supported for settlement of parallel ledgers

SAP Error Message - Details

• Message type: E = Error

• Message class: KD - CO Settlement

• Message number: 129

• Message text: &1 is not supported for settlement of parallel ledgers

What causes this issue?

You are trying to settle per ledger of the universal journal. &V1& is
not supported for settlement of parallel ledgers.

System Response

The system prohibits the settlement per ledger.

How to fix this error?

The settlement profile must not be customized for settlement of parallel
ledgers (setting 'Settlement of freely defined currencies & parallel
ledgers').
If you want to settle per ledger to receiver type 'material', use the
functionality 'Event-Based Posting' for production scenarios.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KD129 - &1 is not supported for settlement of parallel ledgers ?

  The SAP error message KD129 indicates that a specific ledger is not supported for the settlement of parallel ledgers. This typically occurs in the context of controlling (CO) and financial accounting (FI) when dealing with multiple ledgers in a system that uses parallel accounting.
  
  Cause:
  
  
  Configuration Issues: The error often arises due to incorrect configuration settings in the controlling area or the ledger settings. If the ledger you are trying to use for settlement is not configured to support parallel accounting, this error will occur.
  Ledger Assignment: The ledger you are trying to settle may not be assigned correctly in the system or may not be set up to handle the specific type of transactions you are processing.
  Transaction Type: The transaction type you are trying to settle may not be compatible with the ledger settings.
  
  
  Solution:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings in SAP and verify the settings for the controlling area and the