How To Fix FIQAPS_LOC055 - Bank name not maintained for the specified company code

SAP Error Message - Details

• Message type: E = Error

• Message class: FIQAPS_LOC - FI Localization for Qatar Public Sector

• Message number: 055

• 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 FIQAPS_LOC055 - Bank name not maintained for the specified company code ?

  The SAP error message FIQAPS_LOC055 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 perform a transaction that requires bank details, such as processing payments or setting up bank accounts, but the necessary bank information is missing.
  Cause:
  The primary cause of this error is that the bank details for the specified company code have not been configured in the SAP system. This can happen if:
  
  The bank master data has not been created or maintained.
  The company code is not linked to any bank account.
  The bank details were deleted or not properly set up during configuration.
  
  Solution:
  To resolve the error, you need to ensure that the bank name and related details are properly maintained for the specified company code. Here are the steps to do this:
  
  
  Access the Bank Master Data:
  
  Go to the SAP Easy Access screen.
  Navigate to Accounting > Financial Accounting > Bank Accounting > Master Data > Bank > Create or Change.
  
  
  
  Create or Update Bank Master Data:
  
  If the bank does not exist, create a new bank master record by entering the necessary details, including the bank name, bank key, and other relevant information.
  If the bank already exists, ensure that it is correctly linked to the company code in question.
  
  
  
  Assign Bank to Company Code:
  
  Make sure that the bank account is assigned to the correct company code. This can be done in the bank master data screen by specifying the company code and entering the relevant bank account details.
  
  
  
  Check Configuration:
  
  Ensure that the bank account is active and that all required fields are filled out correctly.
  Verify that the company code is correctly configured in the system and that it has the necessary authorizations to access the bank data.
  
  
  
  Test the Transaction:
  
  After maintaining the bank details, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You can use transaction codes such as FI01 (Create Bank Master Record) or FI02 (Change Bank Master Record) to manage bank data.
  
  
  
  Documentation:
  
  Refer to SAP documentation or help files for detailed instructions on maintaining bank master data and understanding the configuration settings related to bank accounting.
  
  
  
  User Authorizations:
  
  Ensure that you have the necessary authorizations to create or modify bank master data in the SAP system.
  
  
  
  By following these steps, you should be able to resolve the FIQAPS_LOC055 error and ensure that the bank name is properly maintained for the specified company code.