How To Fix 0D762 - There are multiple account holders for contract account &1

0D762 - Overview

• Message type: E = Error

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

• Message number: 762

• Message text: There are multiple account holders for contract account &1

What causes this issue?

There are multiple business partners defined as account holders for
this contract account, which indicates an inconsistency in the dataset.

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?

Change the entries in the account relationship field such that only one
business partner is entered as the account holder.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 0D762 - There are multiple account holders for contract account &1 ?

  The SAP error message 0D762, which states "There are multiple account holders for contract account &1," typically occurs in the context of contract accounts in SAP's Financial Accounting (FI) module, particularly when dealing with customer accounts or billing.
  
  Cause:
  This error arises when there are multiple account holders assigned to a single contract account. In SAP, a contract account can have multiple account holders, but certain operations or transactions may require that only one account holder is active or valid for processing. This situation can occur due to:
  
  Data Entry Errors: Incorrectly assigning multiple account holders to a contract account.
  System Configuration: The system may be configured to allow only one active account holder for specific transactions.
  Business Process Changes: Changes in business processes or requirements that necessitate a review of account holder assignments.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Account Holders: Check the contract account in question to see the list