How To Fix RESCHS004 - No external settlement company assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: RESCHS - Data exchange

• Message number: 004

• Message text: No external settlement company assigned

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RESCHS004 - No external settlement company assigned ?

  The SAP error message RESCHS004: No external settlement company assigned typically occurs in the context of SAP's Real Estate Management (RE) module, particularly when dealing with external settlement processes. This error indicates that the system cannot find a valid external settlement company for the transaction you are trying to process.
  Cause:
  
  Missing Configuration: The external settlement company has not been defined in the system for the relevant business partner or property.
  Incorrect Master Data: The master data for the business partner or property may not be correctly set up to include the external settlement company.
  Transaction Context: The transaction you are trying to execute may not be linked to a valid external settlement company due to missing or incorrect assignment.
  
  Solution:
  To resolve the RESCHS004 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP for Real Estate Management.
  Ensure that the external settlement company is defined and properly configured.
  
  
  
  Review Master Data:
  
  Navigate to the relevant business partner or property master data.
  Check if the external settlement company is assigned correctly.
  If not, assign the appropriate external settlement company.
  
  
  
  Assign External Settlement Company:
  
  If you need to assign an external settlement company, you can do this through the transaction codes related to business partner or property management (e.g., BP for Business Partner).
  Ensure that the external settlement company is linked to the relevant business partner or property.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to Real Estate Management for specific instructions on setting up external settlement companies.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as BP (Business Partner), RECN (Real Estate Contract), and others that may be involved in managing properties and settlements.
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration and master data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Real Estate Management for further assistance.