How To Fix 62156 - Settlement company unknown (Define in Customizing)

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 156

• Message text: Settlement company unknown (Define in Customizing)

What causes this issue?

Every settlement company must be defined in the system. Settlement
companies are identified by means of an indicator.
The system could not find this indicator for one of the settlement
companies.

How to fix this error?

Verify your entry and correct it if necessary.
If your entry was correct, contact your system administrator.
Procedure for the system administratorf
Check and correct the settings 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 62156 - Settlement company unknown (Define in Customizing) ?

  The SAP error message "62156 Settlement company unknown (Define in Customizing)" typically occurs in the context of settlement processes, particularly when dealing with internal orders, projects, or other financial transactions that require a settlement company to be defined.
  Cause:
  This error indicates that the system cannot find a valid settlement company for the transaction you are trying to process. This can happen for several reasons:
  
  Missing Configuration: The settlement company has not been defined in the system's customizing settings.
  Incorrect Master Data: The master data for the order or project may not be correctly set up to include a valid settlement company.
  Data Entry Error: There may be a typo or incorrect entry in the transaction data that references the settlement company.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Define Settlement Company:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to Controlling (CO) > Internal Orders > Settlement > Define Settlement Company.
  Ensure that the settlement company is defined correctly in the system.
  
  
  
  Check Master Data:
  
  Review the master data for the internal order or project to ensure that a valid settlement company is assigned.
  You can check this in the order or project master data screen.
  
  
  
  Review Transaction Data:
  
  Verify the transaction data you are trying to process. Ensure that all relevant fields are filled out correctly and that the settlement company is specified.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration or the required settings, consult the SAP documentation or reach out to your SAP support team for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like KO02 (Change Order) or CJ02 (Change Project) to access and modify the relevant master data.
  Authorization: Ensure that you have the necessary authorizations to make changes in the customizing settings or master data.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  By following these steps, you should be able to resolve the "Settlement company unknown" error and proceed with your settlement processes in SAP.