How To Fix FVD_ESCROW047 - Condition type &1 does not exist for the escrow account

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_ESCROW - Message Class ESCROW

• Message number: 047

• Message text: Condition type &1 does not exist for the escrow account

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?

The condition type entered does not exist for this escrow account.

System Response

How to fix this error?

Check the data you have entered and correct any incorrect entries.

Procedure for System Administrators

If your entries are correct, check the system settings and if necessary
change the settings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_ESCROW047 - Condition type &1 does not exist for the escrow account ?

  The SAP error message FVD_ESCROW047 indicates that a specific condition type (denoted as &1) does not exist for the escrow account in the context of financial transactions or contract management. This error typically arises in the SAP Financial Services module, particularly when dealing with escrow accounts.
  Cause:
  
  Missing Condition Type: The specified condition type is not defined in the system for the escrow account. This could be due to configuration issues or missing entries in the relevant tables.
  Incorrect Configuration: The configuration settings for the escrow account may not have been set up correctly, leading to the system not recognizing the condition type.
  Data Entry Error: There may be a typographical error in the condition type being referenced, or it may not have been activated for the specific transaction or account type.
  
  Solution:
  
  
  Check Condition Type Configuration:
  
  Navigate to the configuration settings for condition types in the SAP system (usually found in the SPRO transaction).
  Verify that the condition type in question is defined and properly configured for the escrow account.
  
  
  
  Create or Modify Condition Type:
  
  If the condition type does not exist, you may need to create it. This involves defining the condition type in the relevant configuration area and ensuring it is linked to the appropriate pricing procedure for escrow accounts.
  If it exists but is not linked correctly, you may need to modify the existing configuration.
  
  
  
  Review Transaction Data:
  
  Check the transaction or document that triggered the error. Ensure that the correct condition type is being used and that there are no typographical errors.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up condition types for escrow accounts.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error no longer occurs and that the escrow account functions as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), FBL1N (for vendor line items), or FBL3N (for G/L account line items) to help diagnose the issue.
  SAP Notes: Check SAP Notes for any known issues or patches related to the error message FVD_ESCROW047.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify condition types and escrow account settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or your organization's SAP support team for further assistance.