How To Fix FAP_CMP034 - An IBAN is required for payment method &1 in country &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAP_CMP - Vendor Manual Payment

• Message number: 034

• Message text: An IBAN is required for payment method &1 in country &2

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 FAP_CMP034 - An IBAN is required for payment method &1 in country &2 ?

  The SAP error message FAP_CMP034 indicates that an International Bank Account Number (IBAN) is required for a specific payment method in a particular country. This error typically arises when processing payments in SAP, especially in countries where IBANs are mandatory for bank transactions.
  Cause:
  
  Missing IBAN: The primary cause of this error is that the IBAN field is not filled in for the vendor or customer master data associated with the payment method in question.
  Incorrect Payment Method Configuration: The payment method may be configured to require an IBAN, but the relevant master data does not have it populated.
  Country-Specific Requirements: Some countries have specific regulations that require the use of IBANs for certain payment methods.
  
  Solution:
  
  
  Check Vendor/Customer Master Data:
  
  Navigate to the vendor or customer master data in SAP.
  Ensure that the IBAN field is filled in correctly for the relevant payment method.
  If the IBAN is missing, enter the correct IBAN for the vendor or customer.
  
  
  
  Review Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1 or similar).
  Check if the payment method in question is set to require an IBAN for the specified country.
  If necessary, adjust the configuration to align with the requirements.
  
  
  
  Country-Specific Settings:
  
  Verify that the country settings in SAP are correctly configured to handle IBANs for the payment method being used.
  Ensure that the country-specific regulations are being adhered to in the system.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  IBAN Format: Ensure that the IBAN entered follows the correct format for the specific country, as IBANs vary in length and structure.
  SAP Notes: Check for any relevant SAP Notes or documentation that may provide additional insights or updates regarding this error message.
  User Authorization: Ensure that you have the necessary permissions to edit vendor/customer master data and payment method configurations.
  
  By addressing the missing IBAN and ensuring that the payment method configuration is correct, you should be able to resolve the FAP_CMP034 error in SAP.