How To Fix RY134 - Financial object exists for generic trans. &1; status &2 not permitted

RY134 - Overview

• Message type: E = Error

• Message class: RY - Messages for RM Basis

• Message number: 134

• Message text: Financial object exists for generic trans. &1; status &2 not permitted

What causes this issue?

A financial object with the number &V3& has already been created for the
generic transaction with the external number &V1&. The status cannot be
changed to &V2& because no financial objects can be created for this
status.

System Response

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RY134 - Financial object exists for generic trans. &1; status &2 not permitted ?

  The SAP error message RY134 indicates that there is a financial object (such as a cost center, internal order, or project) that exists for a generic transaction type, but the status of that financial object is not permitted for the operation you are trying to perform. This typically occurs in the context of financial postings or transactions where the status of the financial object restricts certain actions.
  
  Cause:
  
  Status Restrictions: The financial object (e.g., cost center, internal order) may be in a status that does not allow for the transaction you are attempting. For example, it could be closed, locked, or in a status that prohibits further postings.
  Generic Transaction Type: The transaction type you are using may not be compatible with the status of the financial object.
  
  Configuration Issues: There may be configuration settings in the system that restrict certain transactions based on the status of financial objects.
  
  
  Solution:
  
  
  Check Financial Object Status: 
  
  Navigate to