How To Fix FIEG_LOC012 - Currency specified in the bank account for tax payment is not EGP

FIEG_LOC012 - Overview

• Message type: E = Error

• Message class: FIEG_LOC - FIEG_LOC

• Message number: 012

• Message text: Currency specified in the bank account for tax payment is not EGP

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIEG_LOC012 - Currency specified in the bank account for tax payment is not EGP ?

  The SAP error message FIEG_LOC012 indicates that the currency specified in the bank account for tax payment is not the Egyptian Pound (EGP). This error typically arises when there is a mismatch between the currency set in the bank account and the currency required for the tax payment.
  
  Cause:
  
  Bank Account Configuration: The bank account used for the tax payment is configured with a currency other than EGP.
  Tax Configuration: The tax payment process is expecting the payment to be made in EGP, but the bank account is set to a different currency.
  Transaction Settings: The transaction or payment method being used may not be aligned with the currency requirements for tax payments.
  
  
  Solution:
  
  
  Check Bank Account Settings:
  
  Navigate to the bank account configuration in SAP.
  Ensure that the currency for the bank account is set to EGP.
  If the bank account is meant to handle multiple currencies, ensure that EGP is included and set as the default for