How To Fix 62123 - Service charge key & not defined for settlement company (&)

62123 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 123

• Message text: Service charge key & not defined for settlement company (&)

What causes this issue?

Every service charge key must be linked to a cost element.
The system, however, could not find a cost element for this service
charge key.

System Response

The rental agreement cannot participate in the settlement.

How to fix this error?

Contact your system administrator.
Procedure for the system administrator
Check and correct the settings for the cost elements of the settlement
company in Customizing as required.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62123 - Service charge key & not defined for settlement company (&) ?

  The SAP error message "62123 Service charge key & not defined for settlement company (&)" typically occurs in the context of financial transactions, particularly when dealing with service charges in a settlement process. This error indicates that the system cannot find a defined service charge key for the specified settlement company.
  
  Cause:
  
  Missing Configuration: The service charge key has not been defined in the system for the specified settlement company.
  Incorrect Settlement Company: The settlement company specified in the transaction may not be correctly set up or may not match the configuration.
  Data Entry Error: There may be a typographical error in the service charge key or settlement company code entered in the transaction.
  
  
  Solution:
  
  
  Define Service Charge Key:
  
  Go to the configuration settings in SAP (usually through transaction code SPRO).
  Navigate to the relevant area for defining service charge keys. This is typically found under Financial Accounting (FI) or Controlling (CO) settings.
  Ensure that the service charge key