How To Fix 1CO054 - Unable to find bank statement address for BP &1, Bank Area &2, Account &3

SAP Error Message - Details

• Message type: E = Error

• Message class: 1CO - Correspondence Messages

• Message number: 054

• Message text: Unable to find bank statement address for BP &1, Bank Area &2, Account &3

What causes this issue?

You want to create a correspondence address for Account &V3& belonging
to the Business Partner &V1&. However, the bank statement address of the
business partner cannot be determined.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The correspondence address for the account will not be updated.

How to fix this error?

Verify the address of the business partner.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1CO054 - Unable to find bank statement address for BP &1, Bank Area &2, Account &3 ?

  The SAP error message 1CO054 indicates that the system is unable to find the bank statement address for a specific Business Partner (BP), Bank Area, and Account. This error typically arises in the context of bank statement processing in SAP, particularly when dealing with electronic bank statements or reconciliation processes.
  Cause:
  The error can occur due to several reasons:
  
  Missing or Incorrect Configuration: The bank account may not be properly configured in the system, or the relationship between the Business Partner and the bank account may not be established correctly.
  Missing Bank Statement Address: The system cannot find the address associated with the bank statement for the specified Business Partner and Bank Area.
  Data Inconsistency: There may be inconsistencies in the data related to the Business Partner, Bank Area, or Account.
  Authorization Issues: The user may not have the necessary authorizations to access the required data.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Bank Account Configuration:
  
  Go to the transaction code BP (Business Partner) and verify that the Business Partner is correctly set up with the necessary bank details.
  Ensure that the bank account is assigned to the correct Bank Area.
  
  
  
  Verify Bank Statement Address:
  
  Check if the bank statement address is maintained for the Business Partner in the relevant configuration settings.
  You can do this by navigating to the relevant configuration in the SAP system (usually under Financial Accounting settings).
  
  
  
  Review Data Consistency:
  
  Ensure that the data for the Business Partner, Bank Area, and Account is consistent and correctly maintained.
  You can use transaction codes like SE16N to check the relevant tables (e.g., BUT000 for Business Partner data).
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the Business Partner and bank account data.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to bank statement processing for any specific configurations or requirements that may be missing.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  BP: Business Partner maintenance
  SE16N: Data browser for table checks
  
  
  Tables to Check:
  
  BUT000: Business Partner general data
  BNKA: Bank master data
  
  
  SAP Notes: Search for relevant SAP Notes in the SAP Support Portal that may address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify and resolve the cause of the error message 1CO054 in your SAP system.