How To Fix 62704 - Contract type & unknown

62704 - Overview

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 704

• Message text: Contract type & unknown

What causes this issue?

A defined contract type has been assigned to the rental agreements so
that they can be assigned to the Financial Assets Management section of
Real Estate. The contract type named here is the reserved indicator.

System Response

The dunning data could not be transferred to the rental agreement.

How to fix this error?

Inform your system administrator with details of the error number.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62704 - Contract type & unknown ?

  The SAP error message "62704 Contract type & unknown" typically indicates that the system is unable to recognize or find the specified contract type in the context of a transaction or process. This error can occur in various modules, such as SAP MM (Materials Management) or SAP SD (Sales and Distribution), where contract types are used to define the nature of agreements with vendors or customers.
  Causes:
  
  Incorrect Contract Type: The contract type specified in the transaction does not exist in the system.
  
  Configuration Issues: The contract type may not be properly configured in the system, or it may have been deleted or deactivated.
  Authorization Issues: The user may not have the necessary authorizations to access the specified contract type.
  Data Entry Errors: There may be a typographical error in the contract type field.
  
  Solutions:
  
  Check Contract Type: Verify that the contract type you are trying to use is valid and exists in the system. You can