How To Fix MQ508 - Posting key & is not defined for credit items

MQ508 - Overview

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 508

• Message text: Posting key & is not defined for credit items

What causes this issue?

Line items are generated for the individual adjustments with the local
currency changeover. G/L account posting keys are needed for these
adjustment items. There must be a debit and credit posting key in each
case. Posting key &V1& is not defined for a credit item.

System Response

The data cannot be saved.

How to fix this error?

Check your entry. Enter a posting key for credit items for G/L
accounts.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ508 - Posting key & is not defined for credit items ?

  The SAP error message "MQ508 Posting key & is not defined for credit items" typically occurs when you are trying to post a financial transaction using a posting key that is not configured to handle credit items in the system. Posting keys in SAP are used to define the type of transaction being posted, such as whether it is a debit or credit, and they also determine the account types that can be used.
  
  Cause:
  
  Incorrect Posting Key: The posting key you are using is not set up to allow credit postings. Each posting key has specific configurations that determine whether it can be used for debit or credit transactions.
  
  Configuration Issues: The posting key may not be properly configured in the system for the type of transaction you are attempting to perform.
  Transaction Type: The transaction you are trying to post may not be compatible with the posting key you are using.
  
  
  Solution:
  
  
  Check Posting