How To Fix 1M120 - No balancing data exists for account &1, bank key &2, year &3, period &4

SAP Error Message - Details

• Message type: E = Error

• Message class: 1M - BKK: Abschluß

• Message number: 120

• Message text: No balancing data exists for account &1, bank key &2, year &3, period &4

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1M120 - No balancing data exists for account &1, bank key &2, year &3, period &4 ?

  The SAP error message 1M120 indicates that there is no balancing data available for a specific account, bank key, year, and period. This error typically arises in the context of financial accounting, particularly when dealing with bank reconciliation or financial reporting.
  Cause:
  The error can occur due to several reasons:
  
  Missing Data: The specified account or bank key may not have any transactions recorded for the given year and period.
  Incorrect Configuration: The bank account or financial settings may not be properly configured in the system.
  Data Posting Issues: Transactions may not have been posted correctly, or there may be a delay in data processing.
  Period Closing: The financial period may have been closed, and no further postings can be made for that period.
  Authorization Issues: The user may not have the necessary permissions to view or access the data for the specified account.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Check Data: Verify that there are indeed transactions for the specified account, bank key, year, and period. You can do this by running reports or checking the account balance.
  Review Configuration: Ensure that the bank account and related financial settings are correctly configured in the system. This includes checking the account assignment and bank key settings.
  Post Missing Transactions: If transactions are missing, ensure that they are posted correctly. If necessary, re-enter or correct any erroneous postings.
  Open Period: If the period is closed, you may need to open it again (if allowed) to make necessary adjustments or postings.
  Check Authorizations: Ensure that the user has the necessary permissions to access the data. If not, contact your SAP security administrator to grant the required access.
  Consult Documentation: Refer to SAP documentation or help resources for additional troubleshooting steps specific to your version of SAP.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), or FBL5N (Customer Line Item Display) to check the line items for the specified account.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Support: If the issue persists, consider reaching out to SAP support or your internal SAP support team for further assistance.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.