How To Fix 1I031 - No reconciliation key exists for bank area &1 and process &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1I - BCA: General Ledger Integration

• Message number: 031

• Message text: No reconciliation key exists for bank area &1 and process &2

What causes this issue?

No reconciliation key exists for bank area &v1&, process &v2&. At every
posting cut-off a reconciliation key is automatically set for updating
for the transfer to the general ledger.

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?

Check to see if a posting cut-off has been made for another bank area.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1I031 - No reconciliation key exists for bank area &1 and process &2 ?

  The SAP error message 1I031 indicates that there is no reconciliation key available for a specified bank area and process. This error typically occurs in the context of bank accounting and reconciliation processes within SAP.
  Cause:
  The error can arise due to several reasons:
  
  Missing Configuration: The reconciliation key for the specified bank area and process may not have been set up in the system.
  Data Entry Errors: There may be a mistake in the data entry, such as incorrect bank area or process code.
  Inconsistent Data: The data in the system may be inconsistent or incomplete, leading to the absence of a reconciliation key.
  System Updates or Changes: Recent changes or updates in the system configuration may have affected the existing reconciliation keys.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for bank accounting in SAP.
  Verify that the reconciliation key for the specified bank area and process is correctly defined.
  If it is missing, you may need to create or update the reconciliation key.
  
  
  
  Review Data Entry:
  
  Double-check the entries for the bank area and process code to ensure they are correct.
  Make sure that the values entered match the existing configuration.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for guidance on setting up reconciliation keys.
  Look for any specific notes or guidelines related to the bank area and process you are working with.
  
  
  
  Check for Inconsistencies:
  
  Run reports or queries to identify any inconsistencies in the data related to bank accounting.
  Correct any discrepancies found in the data.
  
  
  
  Contact Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBZP (Maintain Automatic Payment Transactions) or OBPM1 (Define Payment Methods per Country) that may help in managing bank accounting settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Review the SAP Help Portal for detailed information on bank accounting and reconciliation processes.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.