How To Fix 62124 - Define cost element & (Firm &)

62124 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 124

• Message text: Define cost element & (Firm &)

What causes this issue?

Every settlement company defines its own cost elements. During the
assignment of the service charge keys to the cost element, however, the
system discovered that one of the cost elements has not been defined.

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 62124 - Define cost element & (Firm &) ?

  The SAP error message 62124, which states "Define cost element & (Firm &)," typically occurs when there is an attempt to use a cost element that has not been defined in the system. This error is often encountered in the context of financial accounting or controlling modules when trying to post transactions that involve cost elements.
  
  Cause:
  
  Undefined Cost Element: The cost element you are trying to use has not been created or activated in the system.
  Incorrect Configuration: The cost element may not be properly configured in the controlling area or may not be assigned to the relevant company code.
  Missing Master Data: The necessary master data for the cost element may be missing or incomplete.
  
  
  Solution:
  
  
  Define the Cost Element:
  
  Go to the SAP transaction code KA01 (Create Cost Element) or KA02 (Change Cost Element).
  Enter the cost element number that is causing the error and fill in the required details.
  Ensure that the cost element is