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

SAP Error Message - Details

• 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 set up for the relevant company code and payment method.
  
  
  
  Review Balancing Process Settings:
  
  Go to the configuration settings for the balancing process (transaction code OBB2 or similar).
  Ensure that the bank key is included in the balancing process.
  
  
  
  Verify Payment Method:
  
  Check the payment method configuration (transaction code FBZP).
  Ensure that the payment method is correctly linked to the bank key and that it is set up for the intended transactions.
  
  
  
  Correct Data Entry:
  
  Double-check the entries made in the transaction that triggered the error.
  Ensure that the bank key is entered correctly without any typographical errors.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to bank key configuration and balancing processes for additional guidance.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB52, FI12, FBZP, and OBB2 for configuration checks.
  SAP Notes: Look for SAP Notes related to error message 1G434 for any patches or updates that may address the issue.
  User Forums: Engage with SAP community forums or user groups for shared experiences and solutions from other users who may have encountered the same error.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.