How To Fix EDEREG_INV493 - Bank details for recipient &1 &2 &3 expected (Country, Bank Key, Account)

EDEREG_INV493 - Overview

• Message type: E = Error

• Message class: EDEREG_INV - Error Messages for Payment Management in a Deregulated Env.

• Message number: 493

• Message text: Bank details for recipient &1 &2 &3 expected (Country, Bank Key, Account)

What causes this issue?

The <LS>own bank details</> of the contract account were expected as
bank details. This contract account is entered in the service partner
agreement for your market partner as <LS<contract account for aggregated
bill posting</>.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

EDEREG_INV493 - Details

• The SAP error message EDEREG_INV493 indicates that there is an issue with the bank details for a specific recipient in the system. This error typically arises when the system expects certain bank details (such as country, bank key, and account number) for a recipient but cannot find them or they are incomplete.
  
  Cause:
  
  Missing Bank Details: The recipient's bank details (country, bank key, account number) are not maintained in the system.
  Incorrect Configuration: The configuration for the payment method or the bank details might be incorrect or incomplete.
  Data Entry Errors: There may be typographical errors or incorrect entries in the recipient's master data.
  Country-Specific Requirements: Different countries have specific requirements for bank details, and the necessary information may not be provided for the recipient's country.
  
  
  Solution:
  
  
  Check Recipient Master Data:
  
  Go to the recipient's master data (e.g., vendor or customer master) and verify that the bank details are correctly maintained.
  Ensure that the country, bank key, and account