How To Fix RETMFI042 - &1: the house bank definition is a required entry

RETMFI042 - Overview

• Message type: E = Error

• Message class: RETMFI - Messages for Posting Terms

• Message number: 042

• Message text: &1: the house bank definition is a required entry

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message RETMFI042 - &1: the house bank definition is a required entry ?

  The SAP error message RETMFI042 indicates that a required entry for the house bank definition is missing. This error typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank-related configurations in SAP.
  
  Cause:
  The error is triggered when a transaction or configuration that requires a house bank definition is executed, but the system cannot find a valid entry for the house bank. This can happen due to several reasons:
  
  Missing House Bank Configuration: The house bank has not been defined in the system.
  Incorrect Bank Account Assignment: The bank account being used in the transaction is not linked to a valid house bank.
  Data Entry Error: There may be a typo or incorrect data entry in the relevant fields.
  
  
  Solution:
  To resolve the RETMFI042 error, follow these steps:
  
  
  Check House Bank Configuration:
  
  Navigate to the transaction code FI12 (House Bank) or OBHB (Define House Banks).
  Ensure that the house bank is defined correctly with