How To Fix >1049 - Bank ID &1 does not exist in paying company code.

SAP Error Message - Details

• Message type: E = Error

• Message class: >1 - Shockwave SAPGUI message handling

• Message number: 049

• Message text: Bank ID &1 does not exist in paying company code.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >1049 - Bank ID &1 does not exist in paying company code. ?

  The SAP error message "1049 Bank ID &1 does not exist in paying company code" typically occurs when you are trying to process a payment or a transaction that involves a bank account that has not been properly configured or does not exist in the specified company code.
  Cause:
  
  Bank ID Not Defined: The specified Bank ID does not exist in the system for the paying company code.
  Incorrect Company Code: The bank account may be defined in a different company code than the one you are trying to use.
  Data Entry Error: There may be a typographical error in the Bank ID or the company code.
  Bank Master Data Not Created: The bank master data may not have been created or activated for the specified company code.
  
  Solution:
  
  
  Check Bank Master Data:
  
  Go to the transaction code FI01 (Create Bank) or FI02 (Change Bank) in SAP.
  Verify if the Bank ID exists for the specified company code. If it does not exist, you will need to create it.
  
  
  
  Create/Update Bank ID:
  
  If the Bank ID is missing, create it using FI01. Ensure that you enter the correct company code and all required details.
  If the Bank ID exists but is not linked to the correct company code, you may need to update the existing record using FI02.
  
  
  
  Verify Company Code:
  
  Ensure that you are using the correct company code in your transaction. Check the configuration or the transaction details to confirm.
  
  
  
  Check for Typographical Errors:
  
  Double-check the Bank ID and company code for any typographical errors that may have occurred during data entry.
  
  
  
  Authorization:
  
  Ensure that you have the necessary authorizations to view or modify bank master data.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FI01: Create Bank Master Data
  FI02: Change Bank Master Data
  FI03: Display Bank Master Data
  
  
  Bank Master Data Configuration: Ensure that the bank master data is properly configured in the system, including all necessary details such as bank name, address, and account information.
  SAP Notes: Check SAP Notes for any known issues or patches related to bank master data and error messages.
  
  By following these steps, you should be able to resolve the error message and ensure that the bank ID is correctly set up for the paying company code in SAP.