How To Fix >2574 - Company code required for determination of bank details

SAP Error Message - Details

• Message type: E = Error

• Message class: >2 -

• Message number: 574

• Message text: Company code required for determination of bank details

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >2574 - Company code required for determination of bank details ?

  The SAP error message "2574: Company code required for determination of bank details" typically occurs when the system is unable to find the necessary company code information to retrieve or determine bank details for a specific transaction. This error is often encountered in financial transactions, such as when processing payments or setting up vendor or customer master data.
  Cause:
  
  Missing Company Code: The most common cause is that the company code is not specified in the transaction or master data record.
  Incorrect Configuration: The bank details may not be properly configured in the system for the specified company code.
  Data Inconsistency: There may be inconsistencies or missing data in the vendor or customer master records related to bank details.
  Transaction Context: The transaction being executed may not have the necessary context or parameters set, leading to the inability to determine bank details.
  
  Solution:
  
  Check Company Code: Ensure that the company code is correctly specified in the transaction. If you are processing a payment or creating a vendor/customer record, make sure the company code field is filled in.
  Review Master Data: Verify that the vendor or customer master data includes the necessary bank details for the specified company code. You can do this by navigating to the vendor or customer master record and checking the bank details section.
  Configuration Settings: Check the configuration settings in the SAP system to ensure that bank details are properly set up for the relevant company code. This can be done in the following path:
  
  SPRO ? Financial Accounting ? Bank Accounting ? Bank Master Data ? Define Bank Accounts.
  
  
  Transaction Context: If you are using a specific transaction code, ensure that all required fields are filled out correctly. Sometimes, additional parameters may need to be set in the transaction.
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  Related Information:
  
  Transaction Codes: Common transaction codes where this error might occur include F110 (Automatic Payment Transactions), FK01 (Create Vendor), and FD01 (Create Customer).
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Authorizations: Ensure that the user has the necessary authorizations to access and modify bank details for the specified company code.
  
  By following these steps, you should be able to resolve the error and ensure that the necessary company code information is available for determining bank details in SAP.