How To Fix FIBL504 - Specify bank key as well as bank account number

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 504

• Message text: Specify bank key as well as bank account number

What causes this issue?

You must enter the bank number of the house bank and the bank account
number so that the system can determine the correct account.

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 FIBL504 - Specify bank key as well as bank account number ?

  The SAP error message FIBL504 ("Specify bank key as well as bank account number") typically occurs in the context of financial transactions, particularly when dealing with bank master data or payment processing. This error indicates that the system requires both the bank key and the bank account number to be specified, but one or both of these fields are missing or incorrectly filled.
  Cause:
  
  Missing Data: The bank key or bank account number is not entered in the relevant fields.
  Incorrect Configuration: The bank master data may not be properly configured in the system.
  Data Entry Error: There may be a typographical error in the bank key or account number.
  Inconsistent Data: The bank key and account number may not match the expected format or may not correspond to each other.
  
  Solution:
  
  Check Input Fields: Ensure that both the bank key and bank account number are filled in correctly. Double-check for any typos or missing entries.
  Verify Bank Master Data: Go to the bank master data in SAP and verify that the bank key and account number are correctly set up. You can do this by navigating to the relevant transaction (e.g., FI01 for creating a bank master record).
  Consult Configuration: If you have access, check the configuration settings for bank accounts in the Financial Accounting (FI) module to ensure that everything is set up correctly.
  Use Correct Format: Ensure that the bank key and account number are in the correct format as required by your organization’s banking standards.
  Test with Different Data: If possible, try using a different bank key and account number combination to see if the error persists.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01 (Create Bank Master Record), FI02 (Change Bank Master Record), and FI03 (Display Bank Master Record).
  Documentation: Refer to SAP documentation or help files for more detailed information on bank master data management.
  User Roles: Ensure that you have the necessary permissions to access and modify bank master data.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP FI expert for further assistance.
  
  By following these steps, you should be able to resolve the FIBL504 error and successfully process your financial transactions.