How To Fix EDEREG_INV507 - Bank country &1, bank key &2, bank account &3 not defined for BP &4

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 507

• Message text: Bank country &1, bank key &2, bank account &3 not defined for BP &4

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message EDEREG_INV507 - Bank country &1, bank key &2, bank account &3 not defined for BP &4 ?

  The SAP error message EDEREG_INV507 indicates that there is an issue with the bank details associated with a Business Partner (BP) in the system. Specifically, it means that the bank account you are trying to use is not defined for the specified bank country, bank key, and bank account number for the given Business Partner.
  Cause:
  
  Missing Bank Details: The bank account details for the specified Business Partner have not been maintained in the system.
  Incorrect Configuration: The bank country, bank key, or bank account number may be incorrectly entered or configured.
  Business Partner Not Properly Set Up: The Business Partner may not have been fully set up with the necessary banking information.
  Data Inconsistency: There may be inconsistencies in the data, such as a mismatch between the bank details and the Business Partner's configuration.
  
  Solution:
  
  
  Maintain Bank Details:
  
  Go to the transaction code BP (Business Partner) in SAP.
  Search for the Business Partner in question.
  Navigate to the "Bank Details" section and ensure that the bank country, bank key, and bank account number are correctly entered and saved.
  
  
  
  Check Configuration:
  
  Verify that the bank key and bank account number are valid for the specified bank country.
  Ensure that the bank key is correctly linked to the bank country in the system.
  
  
  
  Review Business Partner Setup:
  
  Ensure that the Business Partner is fully set up and activated.
  Check if the Business Partner is assigned to the correct role that allows for banking information.
  
  
  
  Data Consistency Check:
  
  Run any necessary data consistency checks to ensure that there are no discrepancies in the data related to the Business Partner and bank details.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on maintaining Business Partner bank details.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  BP for Business Partner maintenance.
  SE16N or SE11 to check the underlying database tables for bank details and Business Partner information.
  
  
  
  Tables:
  
  BUT000: General data for Business Partners.
  BUT020: Roles assigned to Business Partners.
  BNKA: Bank master data.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to this error message.
  
  
  By following these steps, you should be able to resolve the EDEREG_INV507 error and ensure that the Business Partner has the correct bank details defined in the system.