How To Fix FIBL_RPCODE062 - Company code &1 for the target bank does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FIBL_RPCODE - Messages for Repetitive Payments

• Message number: 062

• Message text: Company code &1 for the target bank does not exist

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FIBL_RPCODE062 - Company code &1 for the target bank does not exist ?

  The SAP error message FIBL_RPCODE062 indicates that the specified company code for the target bank does not exist in the system. This error typically arises during financial transactions or when processing bank-related activities in SAP.
  Cause:
  
  Incorrect Company Code: The company code specified in the transaction does not match any existing company codes in the SAP system.
  Bank Configuration Issues: The bank account may not be properly configured for the specified company code.
  Data Entry Errors: There may be a typographical error in the company code or bank details entered by the user.
  Missing Master Data: The bank master data for the specified company code may not have been created or activated.
  
  Solution:
  
  
  Verify Company Code: Check the company code entered in the transaction. Ensure that it is correct and exists in the system.
  
  You can do this by navigating to Transaction Code OX02 (for company code configuration) and confirming that the company code is listed.
  
  
  
  Check Bank Configuration: Ensure that the bank account is correctly set up for the specified company code.
  
  Use Transaction Code FI12 to check the bank master data and ensure it is assigned to the correct company code.
  
  
  
  Create or Update Bank Master Data: If the bank account does not exist for the specified company code, you may need to create it.
  
  Use Transaction Code FI12 to create or update the bank master data.
  
  
  
  Review User Input: Double-check the input fields for any typographical errors or incorrect entries.
  
  
  Consult with SAP Basis or Functional Team: If the issue persists, it may be necessary to consult with your SAP Basis or functional team to investigate further, especially if there are underlying configuration issues.
  
  
  Related Information:
  
  Transaction Codes:
  
  OX02: Company Code Configuration
  FI12: Bank Master Data Maintenance
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review SAP documentation related to bank accounting and company code setup for further insights.
  
  By following these steps, you should be able to resolve the error message FIBL_RPCODE062 and ensure that the company code for the target bank is correctly configured in your SAP system.