How To Fix 62034 - Assign settlement factor and settlement variant

62034 - Overview

• 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