How To Fix >3047 - Specify bank details for incoming payment method &1

SAP Error Message - Details

• Message type: E = Error

• Message class: >3 - Lock management messages

• Message number: 047

• Message text: Specify bank details for incoming payment method &1

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 >3047 - Specify bank details for incoming payment method &1 ?

  The SAP error message 3047 ("Specify bank details for incoming payment method &1") typically occurs when there is a missing configuration for the bank details associated with a specific incoming payment method in the system. This error is often encountered during the processing of incoming payments, such as when trying to post a payment or when executing a payment run.
  Cause:
  The error is caused by the following reasons:
  
  Missing Bank Details: The bank details for the specified payment method (indicated by &1) have not been maintained in the system.
  Incorrect Configuration: The payment method may not be properly configured in the relevant financial settings.
  Master Data Issues: The customer or vendor master data may not have the necessary bank details associated with the payment method.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Maintain Bank Details:
  
  Go to the transaction code OBPM1 (for payment methods) or FBZP (for payment program configuration).
  Check the configuration for the specific payment method indicated in the error message.
  Ensure that the bank details (such as bank account number, bank key, etc.) are properly maintained for the payment method.
  
  
  
  Check Customer/Vendor Master Data:
  
  Use transaction codes FD02 (for customers) or FK02 (for vendors) to check the master data.
  Ensure that the relevant bank details are entered for the customer or vendor associated with the payment.
  
  
  
  Review Payment Program Configuration:
  
  In transaction FBZP, review the payment program settings to ensure that the payment method is correctly configured for the company code and payment type.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to process the payment again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FBZP: Payment Program Configuration
  OBPM1: Maintain Payment Methods
  FD02: Change Customer Master Data
  FK02: Change Vendor Master Data
  
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring payment methods and maintaining bank details.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to payment methods and master data.
  
  
  By following these steps, you should be able to resolve the error message 3047 and successfully process incoming payments in SAP.