How To Fix 0D050 - No bank account defined for company code &1

0D050 - Overview

• Message type: E = Error

• Message class: 0D - FS-CD General Messages

• Message number: 050

• Message text: No bank account defined for company code &1

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Error message extract from SAP system. Copyright SAP SE.

0D050 - Details

• The SAP error message "0D050 No bank account defined for company code &1" indicates that there is no bank account configured for the specified company code in the SAP system. This error typically occurs when you are trying to perform a transaction that requires a bank account, such as processing payments or creating a payment proposal.
  
  Cause:
  
  Missing Bank Account Configuration: The primary cause of this error is that the bank account has not been defined for the specified company code in the SAP system.
  Incorrect Company Code: The company code specified in the transaction may be incorrect or not properly set up.
  Bank Account Deactivation: The bank account may have been deactivated or deleted.
  Authorization Issues: The user may not have the necessary authorizations to view or access the bank account information.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Define a Bank Account:
  
  Go to the SAP Easy Access screen.
  Navigate to Accounting > Financial Accounting