How To Fix 0D426 - Contract account &1 can only contain one insurance object

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 426

• Message text: Contract account &1 can only contain one insurance object

What causes this issue?

The contract account has an account category that permits contracts for
which account balance interest calculation has taken place. This means
that it can only contain one insurance object.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 0D426 - Contract account &1 can only contain one insurance object ?

  The SAP error message 0D426 indicates that a contract account can only contain one insurance object. This error typically arises in the context of managing insurance contracts within the SAP system, particularly in modules related to Financial Accounting (FI) or Insurance Management.
  Cause:
  The error occurs when there is an attempt to assign more than one insurance object to a single contract account. In SAP, a contract account is designed to manage financial transactions related to a specific customer or contract, and it is restricted to having only one insurance object associated with it to maintain data integrity and avoid conflicts in processing.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Existing Insurance Objects: Review the contract account in question to see if there is already an insurance object assigned. You can do this by navigating to the relevant transaction in SAP (e.g., using transaction codes like FPL9 or FBL1N).
  
  
  Remove Existing Insurance Object: If there is an existing insurance object that is not needed, you may need to remove it before adding a new one. This can typically be done through the contract account management screen.
  
  
  Assign a New Insurance Object: Once the existing insurance object is removed, you can proceed to assign the new insurance object to the contract account.
  
  
  Consult Documentation: If you are unsure about the process or the implications of removing an insurance object, consult the SAP documentation or your organization's SAP support team for guidance.
  
  
  Check Configuration: If this error occurs frequently or in unexpected scenarios, it may be worth checking the configuration settings in the SAP system to ensure that they align with your business processes.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing contract accounts and insurance objects, such as FPL9, FBL1N, or FSE2.
  SAP Notes: Check SAP Notes for any updates or patches related to this error message. SAP Notes can provide additional context or solutions for specific issues.
  User Roles and Permissions: Ensure that you have the necessary permissions to modify contract accounts and insurance objects, as restrictions may lead to errors.
  Training and Documentation: If you are new to SAP or the specific module, consider seeking training or reviewing documentation to better understand how contract accounts and insurance objects are managed.
  
  By following these steps, you should be able to resolve the error and manage your contract accounts effectively.