How To Fix EI588 - Two different bank functions are marked as "Opening bank"

SAP Error Message - Details

• Message type: E = Error

• Message class: EI - Foreign Trade: Gen. Output

• Message number: 588

• Message text: Two different bank functions are marked as "Opening bank"

What causes this issue?

Two different bank functions are listed in Customizing as "opening
bank".
This situation is normally not allowed.

System Response

The system rejects further processing.

How to fix this error?

If you have the necessary authorization, change Customizing.
<DS:TRAN.VX54>Execute function</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EI588 - Two different bank functions are marked as "Opening bank" ?

  The SAP error message EI588 indicates that there are two different bank functions marked as "Opening bank" in the system. This situation typically arises when there are multiple bank accounts configured in the system, and both are incorrectly set to have the same function, which can lead to confusion in financial reporting and processing.
  Cause:
  
  Configuration Error: The most common cause is a misconfiguration in the bank account settings within the SAP system. Specifically, two bank accounts may have been assigned the same function of "Opening bank."
  Data Migration Issues: If data was migrated from another system or if there were changes made to bank account settings, it could lead to duplicate entries or incorrect settings.
  User Error: Manual entry errors during the setup of bank accounts can also lead to this issue.
  
  Solution:
  To resolve the EI588 error, follow these steps:
  
  
  Identify the Bank Accounts:
  
  Go to the relevant transaction in SAP (e.g., transaction code FI12 for bank master data) to view the bank accounts configured in the system.
  Check the bank accounts that are marked as "Opening bank."
  
  
  
  Review Bank Function Settings:
  
  Ensure that only one bank account is marked as the "Opening bank." You can do this by checking the bank account details and their respective functions.
  If you find two accounts marked as "Opening bank," decide which one should retain this designation.
  
  
  
  Modify Bank Account Settings:
  
  Change the function of the bank account that should not be the "Opening bank" to a different function (e.g., "Current bank" or "Closing bank").
  Save the changes.
  
  
  
  Test the Configuration:
  
  After making the changes, perform a test transaction or run a report to ensure that the error message EI588 no longer appears and that the system behaves as expected.
  
  
  
  Documentation and Training:
  
  Document the changes made and ensure that relevant team members are trained on the correct configuration of bank accounts to prevent similar issues in the future.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to bank account configuration that may address this issue.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered and resolved similar issues.
  Consult SAP Documentation: Review the official SAP documentation for guidelines on configuring bank accounts and understanding the implications of different bank functions.
  
  By following these steps, you should be able to resolve the EI588 error and ensure that your bank account configurations are correct.