How To Fix REMICL021 - No leading lease-out entered in conversion Customizing for &1/&2

REMICL021 - Overview

• Message type: E = Error

• Message class: REMICL - Texts for Migration of Classic RE => RE-FX

• Message number: 021

• Message text: No leading lease-out entered in conversion Customizing for &1/&2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message REMICL021 - No leading lease-out entered in conversion Customizing for &1/&2 ?

  The SAP error message REMICL021 indicates that there is no leading lease-out entered in the conversion customizing for the specified object types (denoted by &1 and &2). This error typically occurs in the context of lease accounting, particularly when dealing with the migration of lease data from one system to another or during the implementation of the new lease accounting standards (like IFRS 16 or ASC 842).
  
  Cause:
  The error arises when the system expects a leading lease-out entry in the configuration settings for the conversion process, but it cannot find one. This can happen due to:
  
  Missing Configuration: The necessary configuration for lease-out entries has not been set up in the system.
  Incorrect Object Types: The object types specified in the error message may not have been correctly defined in the customizing settings.
  Data Migration Issues: During data migration, the required entries may not have been included or were incorrectly mapped.
  
  
  Solution:
  To resolve the error,