How To Fix EDEREG_INV705 - Enter 'own bank details' for contract account &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 705

• Message text: Enter 'own bank details' for contract account &

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message EDEREG_INV705 - Enter 'own bank details' for contract account & ?

  The SAP error message EDEREG_INV705 indicates that there is a requirement to enter "own bank details" for a specific contract account. This error typically arises in the context of invoicing or payment processing within the SAP system, particularly when dealing with customer accounts or vendor accounts that require bank information for transactions.
  Cause:
  
  Missing Bank Details: The contract account in question does not have the necessary bank details entered in the system. This could be due to the account not being set up correctly or the bank information not being maintained.
  Incorrect Configuration: There may be configuration settings in the SAP system that require bank details for certain types of transactions, and these settings may not be aligned with the current account setup.
  Data Entry Error: There could be a simple oversight where the bank details were not entered or were entered incorrectly.
  
  Solution:
  
  
  Enter Bank Details:
  
  Navigate to the contract account in question.
  Go to the section where bank details are maintained (usually under the account management or financial data).
  Enter the required bank details, including account number, bank name, and any other necessary information.
  Save the changes.
  
  
  
  Check Configuration:
  
  If you have access to the configuration settings, check if there are any specific requirements for bank details for the type of account or transaction you are processing.
  Ensure that the settings align with your business processes.
  
  
  
  Consult Documentation:
  
  Review any relevant SAP documentation or user manuals that pertain to bank details and contract accounts to ensure compliance with required fields.
  
  
  
  Contact Support:
  
  If the issue persists after entering the bank details, consider reaching out to your SAP support team or consulting with an SAP expert to investigate further.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FD02 (Change Customer) or FK02 (Change Vendor) to access and modify the bank details for the respective accounts.
  User Roles: Ensure that you have the necessary permissions to edit bank details in the SAP system.
  Data Validation: After entering the bank details, validate the data to ensure it meets the required format and standards set by your organization or SAP.
  
  By following these steps, you should be able to resolve the EDEREG_INV705 error and ensure that the contract account has the necessary bank details for processing transactions.