How To Fix FISA_LOC425 - Maintain either IBAN or SWIFT code and account number for vendor

SAP Error Message - Details

• Message type: E = Error

• Message class: FISA_LOC - FI Localization for KSA

• Message number: 425

• Message text: Maintain either IBAN or SWIFT code and account number for vendor

What causes this issue?

You have not specified either an IBAN or SWIFT code and account number
in the bank data for the selected bank. You must specify one of the two
numbers.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Specify either an IBAN or SWIFT code and account number for the bank on
the <ZK><LS>SAP Easy Access </></>menu under <LS>Accounting -> Financial
Accounting -> Accounts Payable -> Master Records -> Bank ->
<DS:TRAN.FI02>Change</></>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FISA_LOC425 - Maintain either IBAN or SWIFT code and account number for vendor ?

  The SAP error message FISA_LOC425 indicates that there is a requirement to maintain either an IBAN (International Bank Account Number) or a SWIFT code along with the account number for a vendor in the system. This error typically arises when you are trying to process a payment or create a vendor record, and the necessary banking information is incomplete.
  Cause:
  
  Missing Banking Information: The vendor record does not have the required banking details filled in. Specifically, either the IBAN or SWIFT code is missing, or the account number is not provided.
  Configuration Issues: There may be configuration settings in the SAP system that require both IBAN and SWIFT codes to be maintained for certain payment methods or regions.
  Data Entry Errors: There could be a simple oversight where the banking information was not entered correctly or was omitted during vendor creation or maintenance.
  
  Solution:
  To resolve the error, you need to ensure that the vendor's banking information is complete. Here are the steps you can take:
  
  
  Access Vendor Master Data:
  
  Go to the transaction code XK02 (Change Vendor) or FK02 (Change Vendor - Accounting).
  Enter the vendor number and select the appropriate company code.
  
  
  
  Maintain Banking Information:
  
  Navigate to the Bank Details section.
  Ensure that either the IBAN or SWIFT code is filled in, along with the account number.
  If the vendor operates in a region where IBAN is required, make sure to enter a valid IBAN.
  If applicable, also ensure that the SWIFT code is entered correctly.
  
  
  
  Save Changes: After entering the required information, save the changes to the vendor master data.
  
  
  Test the Transaction: After updating the vendor information, try to perform the transaction again that previously resulted in the error.
  
  
  Related Information:
  
  IBAN: A standardized international numbering system developed to identify bank accounts across national borders. It typically includes the country code, check digits, and the bank account number.
  SWIFT Code: A standard format of Bank Identifier Codes (BIC) used to uniquely identify banks and financial institutions globally.
  Vendor Master Data: This is crucial for processing payments and ensuring that transactions are executed correctly. It is important to keep this data up to date.
  SAP Configuration: Depending on your organization's requirements, you may need to check with your SAP administrator or consultant to ensure that the system is configured correctly for handling banking information.
  
  By following these steps, you should be able to resolve the FISA_LOC425 error and ensure that your vendor records are complete and accurate.