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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message RETMFI040 - &1: value &2/&3 is not allowed for house bank/house bank account ?

  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 house bank or account.
  Cross-Company Code Issues: If you are trying to use a house bank/account that is not valid for the current company code, this error may occur.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code FI12 (House Bank) and verify that the house bank and house bank account are correctly configured.
  Ensure that the house bank is assigned to the correct company code and that the account is active.
  
  
  
  Verify Data Entry:
  
  Double-check the values being entered for the house bank and house bank account to ensure they are correct and match the configuration in the system.
  
  
  
  Check Status:
  
  Ensure that the house bank and house bank account are not marked as inactive. You can check this in the same FI12 transaction.
  
  
  
  Review Authorizations:
  
  Ensure that the user has the necessary authorizations to access the house bank and account. This may require checking with your SAP security team.
  
  
  
  Cross-Company Code Validation:
  
  If you are working with multiple company codes, ensure that the house bank/account is valid for the specific company code you are using.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  FI12: Manage House Banks
  OBHB: Define House Banks
  OBPM1: Define Payment Methods per Country
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to house banks and accounts.
  User Manuals: Refer to user manuals or training materials related to financial accounting and house bank configuration in SAP.
  
  By following these steps, you should be able to identify and resolve the issue causing the RETMFI040 error message in your SAP system.