How To Fix >2174 - Define bank selection for company code &1 payment method &2

SAP Error Message - Details

• Message type: E = Error

• Message class: >2 -

• Message number: 174

• Message text: Define bank selection for company code &1 payment method &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >2174 - Define bank selection for company code &1 payment method &2 ?

  The SAP error message "2174 Define bank selection for company code &1 payment method &2" typically occurs when there is a missing configuration for bank selection in the payment processing settings for a specific company code and payment method. This error indicates that the system cannot find the necessary bank selection criteria for the specified parameters.
  Cause:
  
  Missing Configuration: The bank selection for the specified company code and payment method has not been defined in the system.
  Incorrect Payment Method: The payment method being used may not be properly set up for the company code in question.
  Bank Master Data Issues: There may be issues with the bank master data that prevent the system from selecting the appropriate bank.
  
  Solution:
  To resolve this error, you need to define the bank selection for the specified company code and payment method. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments > Automatic Outgoing Payments > Define Bank Selection.
  
  
  
  Define Bank Selection:
  
  In the bank selection configuration, you will need to specify the company code and the payment method.
  Ensure that you enter the correct parameters and define the criteria for bank selection (e.g., bank account, payment method, etc.).
  
  
  
  Check Payment Method Configuration:
  
  Ensure that the payment method is correctly configured for the company code.
  You can check this under SPRO > Financial Accounting > Accounts Payable > Payment Transactions > Payment Methods for Company Code.
  
  
  
  Review Bank Master Data:
  
  Ensure that the bank master data is correctly maintained and that the relevant bank accounts are set up for the company code.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the payment process again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBPM1 (for payment methods) and OBY6 (for company code settings) to access relevant configurations directly.
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring payment methods and bank selection.
  User Authorizations: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  By following these steps, you should be able to resolve the error message and successfully process payments in SAP.