How To Fix 62034 - Assign settlement factor and settlement variant

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 034

• Message text: Assign settlement factor and settlement variant

What causes this issue?

When you create a settlement unit, you must assign a settlement factor
and a settlement variant.

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?

Please enter these values or copy the defaults.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62034 - Assign settlement factor and settlement variant ?

  The SAP error message 62034, which states "Assign settlement factor and settlement variant," typically occurs in the context of settlement processes in SAP, particularly when dealing with internal orders, projects, or cost centers. This error indicates that the system requires specific configuration settings related to settlement but cannot find them.
  Cause:
  The error can arise due to several reasons, including:
  
  Missing Configuration: The settlement variant or settlement factor has not been assigned in the configuration settings for the relevant internal order or project.
  Incorrect Settings: The settings for the settlement variant or factor may be incorrectly defined or not aligned with the requirements of the order or project.
  Authorization Issues: The user may not have the necessary authorizations to access or modify the settlement settings.
  Data Inconsistencies: There may be inconsistencies in the master data related to the internal order or project.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Settlement Variant:
  
  Go to the configuration settings for the relevant internal order or project.
  Ensure that a settlement variant is assigned. You can do this by navigating to the following path in the SAP menu:
  
  SPRO ? Controlling ? Internal Orders ? Settlement ? Define Settlement Variants.
  
  
  Make sure that the settlement variant is correctly configured with the necessary parameters.
  
  
  
  Assign Settlement Factor:
  
  In the same configuration area, check if a settlement factor is assigned to the settlement variant.
  If not, you may need to define a settlement factor that meets your business requirements.
  
  
  
  Review Master Data:
  
  Check the master data for the internal order or project to ensure that all necessary fields are filled out correctly.
  Ensure that the order type is compatible with the settlement variant being used.
  
  
  
  Authorization Check:
  
  Verify that the user has the necessary authorizations to perform settlement activities. This may involve checking roles and permissions in the user profile.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring settlement variants and factors.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test settlement to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to familiarize yourself with transaction codes related to internal orders and settlements, such as:
  
  KO02: Change Internal Order
  KO03: Display Internal Order
  KOB1: Order Report
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Community Forums: Engage with SAP community forums or support channels for additional insights and solutions from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify and resolve the cause of the SAP error message 62034.