How To Fix 62859 - Posting key not defined for bank debit posting

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 859

• Message text: Posting key not defined for bank debit posting

What causes this issue?

To post a debit entry to this bank account, the system requires a
corresponding posting key.
The posting key has not been assigned in Customizing.

System Response

The requested function cannot be executed.
The program is cancelled.

How to fix this error?

Contact your system administrator.
Procedure for the system administrator
Enter the posting key for a debit posting to the bank G/L account in
Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62859 - Posting key not defined for bank debit posting ?

  The SAP error message "62859 - Posting key not defined for bank debit posting" typically occurs when you are trying to post a bank debit transaction, but the system cannot find a valid posting key for that type of transaction. This can happen for various reasons, including configuration issues or missing definitions in the system.
  Cause:
  
  Missing Posting Key Configuration: The posting key for bank debit transactions may not be defined in the system.
  Incorrect Account Type: The account type you are trying to post to may not be compatible with the bank debit posting.
  Transaction Type Issues: The transaction type you are using may not be set up correctly for bank debits.
  Authorization Issues: The user may not have the necessary authorizations to perform the transaction.
  
  Solution:
  
  
  Check Posting Key Configuration:
  
  Go to the SAP transaction code OB14 (Define Posting Keys).
  Verify if the posting key for bank debits (usually 31 for bank debits) is defined.
  If it is not defined, you will need to create it or modify an existing one to ensure it is set up correctly.
  
  
  
  Review Account Types:
  
  Ensure that the account type you are trying to post to is compatible with the bank debit posting.
  Check the configuration in OB40 (Define Account Types) to ensure that the account type is correctly set up.
  
  
  
  Check Transaction Types:
  
  Review the transaction type settings in OBY6 (Define Transaction Types) to ensure that the transaction type you are using is configured for bank debits.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to perform bank debit postings. This can be checked with your SAP security team.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for more detailed information on posting keys and bank debit postings.
  
  
  
  Testing:
  
  After making any changes, perform a test posting to ensure that the issue is resolved.
  
  
  
  Related Information:
  
  Posting Keys: Posting keys are two-digit numbers that determine the type of transaction being posted (e.g., debit or credit) and the account type.
  Bank Accounting: Ensure that your bank accounting settings are correctly configured in the system.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting (FI) within SAP.