How To Fix FIBL501 - Enter either house bank or bank key data

FIBL501 - Overview

• Message type: E = Error

• Message class: FIBL - Messages from Tax Routines / Prenumbered Checks

• Message number: 501

• Message text: Enter either house bank or bank key data

How to fix this error?

The system needs bank data in order to be able to find check
information. You must therefore enter either the external bank data
(bank number and bank account number) or the SAP bank keys (house bank
and bank account key).

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIBL501 - Enter either house bank or bank key data ?

  The SAP error message FIBL501, which states "Enter either house bank or bank key data," typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank-related entries in SAP. This error indicates that the system requires either a house bank or bank key to proceed with the transaction, but neither has been provided.
  
  Cause:
  
  Missing House Bank: The house bank is not specified in the transaction. A house bank is a bank account that is used for processing payments and receipts.
  Missing Bank Key: The bank key, which is a unique identifier for a bank, is not provided. This key is necessary for identifying the bank in the system.
  
  Configuration Issues: There may be issues with the configuration of the house bank or bank key in the SAP system.
  Data Entry Error: The user may have overlooked entering the required information in the relevant fields.
  
  
  Solution:
  
  Enter House Bank: Ensure that you