How To Fix RETMFI040 - &1: value &2/&3 is not allowed for house bank/house bank account

RETMFI040 - Overview

• Message type: E = Error

• Message class: RETMFI - Messages for Posting Terms

• Message number: 040

• Message text: &1: value &2/&3 is not allowed for house bank/house bank account

What causes this issue?

This message could be triggered by the following:
You are processing a condominium management contract:
You are only allowed to assign house bank definitions to the posting
parameters if they (the house bank definitions) are in the house bank
overview.
You are processing an occupancy contract in a condominium owner company
code:
You are only allowed to assign house bank definitions to the posting
parameters if they (the house bank definitions) are in the house bank
overview of the related condominium management contract.

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

RETMFI040 - Details

• The SAP error message RETMFI040 indicates that there is an issue with the configuration or data related to house banks and house bank accounts in the SAP system. Specifically, the message states that the value provided for a house bank or house bank account is not allowed. Here’s a breakdown of the cause, potential solutions, and related information for this error:
  
  Cause:
  
  Invalid House Bank/Account Configuration: The house bank or house bank account you are trying to use may not be properly configured in the system. This could be due to missing entries or incorrect settings.
  Inactive House Bank/Account: The house bank or account may be inactive or not set up for the specific company code or business area you are working with.
  Data Entry Error: There may be a typographical error in the house bank or account number being entered.
  Authorization Issues: The user may not have the necessary authorizations to access the specified