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

SAP Error Message - Details

• 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.

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• What is the cause and solution for SAP error message 0D050 - No bank account defined for company code &1 ?

  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 > Bank Accounting > Master Data > Bank Accounts > Create.
  Enter the required details for the bank account, including the company code, bank key, and account number.
  Save the changes.
  
  
  
  Check Existing Bank Accounts:
  
  Use transaction code FI12 (or navigate through the menu) to check if a bank account exists for the specified company code.
  If it exists, ensure that it is active and correctly configured.
  
  
  
  Verify Company Code:
  
  Ensure that the company code you are using in the transaction is correct and matches the one for which the bank account is defined.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access bank account information. This may require coordination with your SAP security team.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to the SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FI12: Display/Change Bank Master Data
  OB52: Open and Close Posting Periods
  OBY6: Define Company Code
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  User Roles: Ensure that the user roles and profiles are correctly set up to allow access to bank account management.
  
  By following these steps, you should be able to resolve the error and ensure that the necessary bank account is defined for the specified company code.