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

62156 - Overview

• 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.

62156 - Details

• 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