How To Fix 62903 - A bank should be created as partner for rent deposit type &

SAP Error Message - Details

• Message type: E = Error

• Message class: 62 - Message Texts for Real Estate

• Message number: 903

• Message text: A bank should be created as partner for rent deposit type &

What causes this issue?

For non-cash rent deposit types, a bank should be entered as a partner,
acting as the place of deposit.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter a bank as an additional partner, acting as the place of deposit
for the rent deposit.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 62903 - A bank should be created as partner for rent deposit type & ?

  The SAP error message 62903, which states "A bank should be created as partner for rent deposit type &," typically occurs in the context of managing financial transactions related to rent deposits in SAP. This error indicates that the system requires a bank account to be associated with a specific rent deposit type, but it has not been set up correctly.
  Cause:
  
  Missing Bank Details: The error usually arises when the bank details for the specified rent deposit type are not maintained in the system.
  Incorrect Configuration: The configuration for the rent deposit type may not be complete or may be incorrectly set up.
  Partner Function Not Defined: The partner function for the bank may not be defined in the relevant master data.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Rent Deposit Type Configuration:
  
  Go to the configuration settings for the rent deposit type in SAP.
  Ensure that the bank details are correctly maintained for the specific rent deposit type.
  
  
  
  Maintain Bank Details:
  
  Navigate to the relevant transaction (e.g., transaction code OBPM1 for maintaining bank details).
  Create or update the bank account information for the partner associated with the rent deposit type.
  
  
  
  Define Partner Functions:
  
  Ensure that the partner function for the bank is defined in the master data.
  You can check this in the vendor or customer master data, depending on the context of the rent deposit.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by attempting to process the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1, BP (Business Partner), or FK01 (Create Vendor) to manage bank details and partner functions.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the necessary permissions to make changes to bank details and partner functions in the system.
  
  By following these steps, you should be able to resolve the error message 62903 and ensure that the bank is correctly set up as a partner for the specified rent deposit type.