How To Fix FVD_ESCROW007 - No account opening reasons defined in Customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_ESCROW - Message Class ESCROW

• Message number: 007

• Message text: No account opening reasons defined in Customizing

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

What causes this issue?

No reasons for opening an account have been defined in Customizing.

System Response

How to fix this error?

Contact your system administrator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_ESCROW007 - No account opening reasons defined in Customizing ?

  The SAP error message FVD_ESCROW007 indicates that there are no account opening reasons defined in the system's Customizing settings. This error typically occurs in the context of financial services or banking modules, particularly when dealing with escrow accounts or similar financial products.
  Cause:
  The error arises when a user attempts to create or open an account (such as an escrow account) without having defined the necessary account opening reasons in the system's configuration. The account opening reason is a critical piece of information that helps categorize the purpose of the account being opened.
  Solution:
  To resolve this error, you need to define the account opening reasons in the Customizing settings of your SAP system. Here are the steps to do this:
  
  
  Access Customizing:
  
  Go to the SAP Easy Access screen.
  Enter the transaction code SPRO to access the SAP Reference IMG (Implementation Guide).
  
  
  
  Navigate to the Relevant Section:
  
  Follow the path: Financial Services -> Banking -> Account Management -> Define Account Opening Reasons.
  Alternatively, you can search for the specific configuration using the search functionality in the IMG.
  
  
  
  Define Account Opening Reasons:
  
  In the configuration screen, you can add new account opening reasons by specifying the relevant details such as the reason code, description, and any other necessary attributes.
  Ensure that the reasons you define are relevant to the types of accounts you are managing.
  
  
  
  Save Your Changes:
  
  After entering the necessary information, save your changes to ensure that the new account opening reasons are available for use.
  
  
  
  Test the Changes:
  
  After defining the account opening reasons, try to open the account again to verify that the error no longer occurs.
  
  
  
  Related Information:
  
  Authorization: Ensure that you have the necessary authorization to make changes in the Customizing settings.
  Documentation: Refer to SAP documentation or help files for more detailed information on account management and the specific configuration options available.
  Support: If you continue to experience issues after making the changes, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FVD_ESCROW007 error and successfully define account opening reasons in your SAP system.