How To Fix VKK_KONTO001 - Coverage check is only possible for accounts in "securities" category

SAP Error Message - Details

• Message type: E = Error

• Message class: VKK_KONTO - Master Data Account Messages

• Message number: 001

• Message text: Coverage check is only possible for accounts in "securities" category

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message VKK_KONTO001 - Coverage check is only possible for accounts in "securities" category ?

  The SAP error message VKK_KONTO001 indicates that a coverage check is being attempted on an account that is not categorized as a "securities" account. This error typically arises in the context of financial transactions involving securities, where the system expects certain accounts to be designated for securities-related activities.
  Cause:
  The error occurs when:
  
  A coverage check is initiated for an account that is not classified under the "securities" category.
  The account settings or configuration in the SAP system do not align with the requirements for performing a coverage check.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Configuration:
  
  Verify the account settings in the SAP system. Ensure that the account you are trying to use for the coverage check is indeed categorized as a "securities" account.
  You can do this by navigating to the account master data and checking the account type or category.
  
  
  
  Adjust Account Type:
  
  If the account is incorrectly categorized, you may need to change its type to a securities account. This typically requires appropriate authorizations and should be done in accordance with your organization's policies.
  
  
  
  Review Transaction Settings:
  
  Ensure that the transaction you are attempting to execute is appropriate for the account type. If the transaction is meant for securities, it should be linked to the correct account type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to securities and coverage checks to ensure that you are following the correct procedures.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Securities Accounts: These accounts are specifically designed to handle transactions related to financial instruments like stocks, bonds, and other securities.
  Coverage Check: This is a process in SAP that verifies whether there are sufficient securities available to cover a transaction or obligation.
  SAP Modules: This error is often encountered in modules related to Financial Accounting (FI) and Treasury Management (TR).
  
  By ensuring that the account is correctly set up and that the transaction aligns with the account type, you should be able to resolve the VKK_KONTO001 error.