How To Fix REEXFI055 - House bank &1/&2 does not yet exist for contract &3/&4

SAP Error Message - Details

• Message type: E = Error

• Message class: REEXFI - Messages for Interface to FI

• Message number: 055

• Message text: House bank &1/&2 does not yet exist for contract &3/&4

What causes this issue?

For this document from contract &V3&/&V4&, the system determined house
bank account &V1&/&V2&. However, these house bank details do not exist
in Financial Accounting. The contract was probably not activated yet. Or
the house bank was entered manually, and this bank is not assigned to
the contract.

System Response

The system cannot post the document.

How to fix this error?

Activate the contract. Or correct the document data and try posting
again.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message REEXFI055 - House bank &1/&2 does not yet exist for contract &3/&4 ?

  The SAP error message REEXFI055 indicates that there is an issue with the house bank configuration for a specific contract. This error typically arises when you are trying to process a financial transaction related to a contract, but the system cannot find the specified house bank for that contract.
  Cause:
  The error message REEXFI055 is triggered due to one or more of the following reasons:
  
  House Bank Not Configured: The house bank specified in the transaction does not exist in the system for the given contract.
  Incorrect Contract Details: The contract number or details provided in the transaction may be incorrect or not properly maintained in the system.
  Missing Validity Period: The house bank may not be valid for the specified period of the contract.
  Data Inconsistency: There may be inconsistencies in the master data related to the house bank or contract.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check House Bank Configuration:
  
  Go to the transaction code FI12 (House Bank) and verify if the house bank with the specified ID exists.
  Ensure that the house bank is correctly configured for the relevant company code.
  
  
  
  Verify Contract Details:
  
  Check the contract number and ensure that it is correctly entered in the transaction.
  Use transaction code RECN (Contract Management) to review the contract details and ensure that the house bank is linked to the contract.
  
  
  
  Check Validity Period:
  
  Ensure that the house bank is valid for the period in which the contract is active. You can check the validity dates in the house bank configuration.
  
  
  
  Maintain House Bank for Contract:
  
  If the house bank does not exist for the contract, you may need to add it. This can typically be done in the contract management settings or through the relevant configuration settings in SAP.
  
  
  
  Consult Documentation:
  
  Review any relevant SAP documentation or notes related to house bank configuration and contract management for additional guidance.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FI12: House Bank Configuration
  RECN: Contract Management
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review SAP Help documentation for house bank and contract management for best practices and configuration guidelines.
  
  By following these steps, you should be able to identify and resolve the cause of the REEXFI055 error message in SAP.