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

>1049 - Overview

• 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

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.

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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