How To Fix RETMFI041 - &1: no valid house bank definition found

RETMFI041 - Overview

• Message type: E = Error

• Message class: RETMFI - Messages for Posting Terms

• Message number: 041

• Message text: &1: no valid house bank definition found

What causes this issue?

The house bank definitions have to agree with the corresponding settings
in the condominium management contract. However, no house banks were
defined there.

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 RETMFI041 - &1: no valid house bank definition found ?

  The SAP error message RETMFI041 indicates that there is no valid house bank definition found for the specified parameters. This error typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank-related activities in SAP.
  
  Cause:
  
  Missing House Bank Definition: The most common cause is that the house bank has not been defined in the system for the company code or the specific bank account being used.
  Incorrect Configuration: The configuration for the house bank may be incorrect or incomplete, leading to the system being unable to find a valid definition.
  Inactive House Bank: The house bank may be inactive or not properly set up in the system.
  Data Entry Errors: There may be errors in the data entry, such as incorrect bank account numbers or company codes.
  
  
  Solution:
  
  
  Check House Bank Configuration:
  
  Go to the transaction code FI12 (House Bank) in SAP.
  Verify that the house bank is defined for the relevant company