How To Fix 0D042 - Securities account cannot be the contract acct to be maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: 0D - FS-CD General Messages

• Message number: 042

• Message text: Securities account cannot be the contract acct to be maintained

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 0D042 - Securities account cannot be the contract acct to be maintained ?

  The SAP error message 0D042 ("Securities account cannot be the contract account to be maintained") typically occurs in the context of managing securities accounts in SAP, particularly when dealing with financial transactions or account management in the SAP system.
  Cause:
  This error usually arises when there is an attempt to assign a securities account as a contract account in a transaction where it is not allowed. The system expects a specific type of account (like a customer or vendor account) to be designated as the contract account, and a securities account does not meet this requirement.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Type: Ensure that the account you are trying to maintain is indeed a valid contract account type. Verify that you are not mistakenly trying to use a securities account in a context where a different account type is required.
  
  
  Review Configuration: If you are a system administrator or have access to configuration settings, check the configuration for account types in the relevant module (e.g., Financial Accounting, Treasury). Ensure that the settings allow for the correct types of accounts to be used in the context you are working in.
  
  
  Correct Account Assignment: If you have mistakenly assigned a securities account, go back to the transaction and select the appropriate contract account that is valid for the operation you are performing.
  
  
  Consult Documentation: Review SAP documentation or help resources related to the specific transaction or module you are working with. This can provide insights into the expected account types and configurations.
  
  
  Contact Support: If the issue persists and you are unable to identify the cause, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with the transaction codes related to securities and account management in SAP, as this can help you navigate the system more effectively.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context or solutions.
  User Roles and Permissions: Ensure that you have the necessary permissions to perform the actions you are attempting, as restrictions can sometimes lead to unexpected errors.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.