How To Fix 1K520 - Bank area &1, Acct &2: Error when fetching bank statement periodicity

SAP Error Message - Details

• Message type: E = Error

• Message class: 1K - BCA: Account Type

• Message number: 520

• Message text: Bank area &1, Acct &2: Error when fetching bank statement periodicity

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1K520 - Bank area &1, Acct &2: Error when fetching bank statement periodicity ?

  The SAP error message 1K520 indicates that there is an issue with fetching the bank statement periodicity for a specific bank area and account. This error typically arises in the context of bank accounting and can be related to configuration or data issues.
  Cause:
  
  Configuration Issues: The bank area or account may not be properly configured in the system. This could include missing or incorrect settings in the bank master data or the bank statement configuration.
  Missing Data: The periodicity settings for the bank statement may not be defined for the specified bank area and account.
  Authorization Issues: The user may not have the necessary authorizations to access the bank statement data for the specified bank area and account.
  Technical Issues: There could be underlying technical issues, such as problems with the database or the application server.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OBBA (for bank area configuration) and verify that the bank area and account are correctly set up.
  Ensure that the periodicity for bank statements is defined in the configuration settings.
  
  
  
  Review Bank Master Data:
  
  Use transaction code FI01 or FI02 to check the bank master data for the specified bank area and account. Ensure that all necessary fields are filled out correctly.
  
  
  
  Check Periodicity Settings:
  
  Verify that the periodicity settings for bank statements are maintained in the system. This can usually be done in the configuration settings for bank accounting.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access the bank statement data. This can be checked in transaction code SU53 or by consulting with your security team.
  
  
  
  Technical Troubleshooting:
  
  If the above steps do not resolve the issue, consider checking the system logs (transaction code SLG1) for any related error messages that could provide more context.
  Consult with your SAP Basis team to check for any underlying technical issues.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBBA: Bank area configuration
  FI01/FI02: Create/Change Bank Master Data
  SLG1: Application Log
  SU53: Authorization Check
  
  
  
  SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  
  
  Documentation: Review SAP documentation related to bank accounting and bank statement processing for further insights into configuration and setup.
  
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or your internal SAP team for further assistance.