How To Fix EK367 - The receiving company &1 does not exist as business partner in system

EK367 - Overview

• Message type: E = Error

• Message class: EK - IS-U Accounts Receivable and Payable

• Message number: 367

• Message text: The receiving company &1 does not exist as business partner in system

What causes this issue?

The company that is to receive the payment does not exist as a business
partner in the system.

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?

Create the company in the system and maintain payment methods and bank
details for it.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EK367 - The receiving company &1 does not exist as business partner in system ?

  The SAP error message EK367 indicates that the receiving company (business partner) specified in a transaction does not exist in the system. This error typically arises in scenarios involving purchasing documents, such as purchase orders or contracts, where a business partner is required for the transaction.
  
  Cause:
  
  Missing Business Partner: The specified receiving company is not set up as a business partner in the SAP system.
  Incorrect Business Partner ID: The business partner ID entered in the transaction may be incorrect or misspelled.
  Data Synchronization Issues: If the business partner data is maintained in a different system (e.g., a CRM system), there may be synchronization issues.
  Inactive Business Partner: The business partner may exist but is marked as inactive or not available for transactions.
  
  
  Solution:
  
  
  Create or Maintain Business Partner:
  
  Navigate to the Business Partner transaction (e.g., transaction code BP).
  Check if the receiving company exists. If not, create a new business partner entry with the necessary details.
  Ensure that