How To Fix 1G434 - &1: (Bank key &2) was not in balancing process

1G434 - Overview

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 434

• Message text: &1: (Bank key &2) was not in balancing process

What causes this issue?

An account was transferred to further processing after the capital yield
tax (CYT) call up that was not part of the balancing process before CYT
module call up.

System Response

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

How to fix this error?

Do not transfer accounts that had not been part of the balancing process
before CYT module call up.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1G434 - &1: (Bank key &2) was not in balancing process ?

  The SAP error message 1G434 indicates that a specific bank key (in this case, &2) is not part of the balancing process. This error typically arises in the context of financial transactions, particularly when dealing with bank accounts and payment processing.
  
  Cause:
  
  Bank Key Not Configured: The bank key specified in the error message may not be properly configured in the system for the relevant company code or payment method.
  Missing Balancing Configuration: The bank key may not be included in the balancing process configuration, which is necessary for the system to recognize it during financial transactions.
  Incorrect Payment Method: The payment method being used may not be compatible with the specified bank key.
  Data Entry Error: There may be a typographical error in the bank key or related configuration settings.
  
  
  Solution:
  
  
  Check Bank Key Configuration:
  
  Navigate to the transaction code OB52 or FI12 to check the configuration of the bank key.
  Ensure that the bank key is correctly