How To Fix FIQA_LOC027 - Bank name not maintained for the specified company code

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQA_LOC - FI Localization for Qatar

• Message number: 027

• Message text: Bank name not maintained for the specified company code

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIQA_LOC027 - Bank name not maintained for the specified company code ?

  The SAP error message FIQA_LOC027 indicates that the bank name has not been maintained for the specified company code in the system. This error typically arises when you are trying to process a financial transaction that requires bank information, but the necessary details have not been set up in the system.
  Cause:
  
  Missing Bank Details: The bank name for the specified company code has not been entered in the system.
  Incorrect Company Code: The company code you are trying to use may not have the bank details maintained.
  Configuration Issues: There may be issues in the configuration settings related to bank accounts or company codes.
  
  Solution:
  To resolve the FIQA_LOC027 error, follow these steps:
  
  
  Maintain Bank Details:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: Accounting -> Financial Accounting -> Bank Accounting -> Master Data -> Create/Change Bank.
  Enter the relevant company code and maintain the bank details, including the bank name.
  
  
  
  Check Company Code:
  
  Ensure that you are using the correct company code in your transaction. If you are using a different company code, check if the bank details are maintained for that specific code.
  
  
  
  Verify Configuration:
  
  Check the configuration settings for bank accounts in the system. You can do this by navigating to SPRO -> Financial Accounting -> Bank Accounting -> Master Data -> Define House Banks.
  Ensure that the house bank is correctly configured and linked to the appropriate company code.
  
  
  
  Test the Changes:
  
  After maintaining the bank details, try to execute the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FI12 (to maintain bank master data) or OB52 (to check the posting periods) to assist in troubleshooting.
  Documentation: Refer to SAP Help documentation for detailed steps on maintaining bank master data and configuring bank accounts.
  User Authorizations: Ensure that you have the necessary authorizations to maintain bank details in the system.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any specific patches or updates related to this error message.