How To Fix 1Q550 - &1 Account &2: No business partner found with role account holder

SAP Error Message - Details

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 550

• Message text: &1 Account &2: No business partner found with role account holder

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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1Q550 - &1 Account &2: No business partner found with role account holder ?

  The SAP error message 1Q550 indicates that there is an issue with the business partner (BP) configuration related to an account. Specifically, the message states that no business partner was found with the role of "account holder" for the specified account.
  Cause:
  This error typically occurs due to one of the following reasons:
  
  Missing Business Partner: The business partner associated with the account does not exist in the system.
  Incorrect Role Assignment: The business partner exists, but it does not have the required role (in this case, "account holder") assigned to it.
  Data Inconsistency: There may be inconsistencies in the data, such as the account not being properly linked to the business partner.
  Configuration Issues: The configuration settings for business partners or account roles may not be set up correctly.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Business Partner Existence:
  
  Go to the Business Partner transaction (e.g., BP) and verify if the business partner associated with the account exists.
  
  
  
  Verify Role Assignment:
  
  If the business partner exists, check if it has the "account holder" role assigned. You can do this by:
  
  Opening the business partner in the BP transaction.
  Navigating to the "Roles" tab and ensuring that the "account holder" role is listed.
  
  
  
  
  
  Assign the Role:
  
  If the role is missing, you can assign it by:
  
  Editing the business partner.
  Adding the "account holder" role and saving the changes.
  
  
  
  
  
  Check Account Configuration:
  
  Ensure that the account is correctly linked to the business partner. You may need to check the account settings in the relevant transaction (e.g., FS00 for G/L accounts).
  
  
  
  Data Consistency Check:
  
  Run any relevant data consistency checks or reports to identify and resolve any discrepancies in the data.
  
  
  
  Consult Documentation:
  
  If you are unsure about the roles or configuration, refer to SAP documentation or consult with your SAP administrator for guidance.
  
  
  
  Related Information:
  
  Business Partner Roles: In SAP, business partners can have multiple roles assigned to them, such as "customer," "vendor," "account holder," etc. Each role defines the specific functions and data relevant to that partner.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as BP (Business Partner), FS00 (G/L Account), and others that may be useful for troubleshooting.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message, as there may be updates or fixes provided by SAP.
  
  By following these steps, you should be able to identify and resolve the issue causing the error message 1Q550 in your SAP system.