How To Fix FMLGD522 - Funds cmmt does not exist for cmpny code &1/period &2/bank details &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FMLGD -

• Message number: 522

• Message text: Funds cmmt does not exist for cmpny code &1/period &2/bank details &3 &4

What causes this issue?

You want to update direct debits automatically. However, this is not
possible as no funds commitment is defined for the payer bank details in
the Customizing for the posting type 05 for company code &V1&, period
&V2& business partner bank details &V3& &V4&.

What causes this issue?

System Response

If no setting exists for this event (message 522) in the Customizing for
error events and no basic setting exists either for the handling of
errors with vendor down payments with general request (message 500),
the system cannot execute the posting automatically.
Otherwise the system executes the posting in accordance with the setting
for message 522 or 500.

How to fix this error?

Check whether the automatic update of direct debits should be used for
the business partner. If this is the case, you must define the bank
details of the business partner for the vendor down payment with general
request in Customizing.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMLGD522 - Funds cmmt does not exist for cmpny code &1/period &2/bank details &3 &4 ?

  The SAP error message FMLGD522 indicates that there is a problem related to funds commitment in the context of a specific company code, period, and bank details. This error typically arises in the context of financial management and can be related to the following causes and solutions:
  Cause:
  
  
  Missing Funds Commitment: The error suggests that there is no funds commitment record for the specified company code, period, and bank details. This could happen if the funds management settings are not properly configured or if the relevant data has not been created or posted.
  
  
  Incorrect Configuration: The configuration for funds management may not be set up correctly, leading to the system being unable to find the necessary commitment data.
  
  
  Data Entry Errors: There may be errors in the data entry, such as incorrect company code, period, or bank details being used in the transaction.
  
  
  Period Closure: The specified period may be closed, and no further postings can be made to that period.
  
  
  Solution:
  
  
  Check Funds Commitment Records: Verify if the funds commitment records exist for the specified company code, period, and bank details. You can do this by navigating to the relevant funds management transaction in SAP.
  
  
  Create Missing Records: If the records do not exist, you may need to create them. This could involve posting a new commitment or adjusting existing records.
  
  
  Review Configuration: Check the configuration settings for funds management in SAP. Ensure that all necessary settings are correctly defined for the company code and that the funds management module is properly integrated with other financial modules.
  
  
  Correct Data Entry: Double-check the data you are entering for the transaction. Ensure that the company code, period, and bank details are correct and correspond to existing records.
  
  
  Open Periods: If the period is closed, you may need to open it again if allowed by your organization's policies, or you may need to post the transaction in an open period.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on funds management and commitment records.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMX1 (Create Commitment), FMX2 (Change Commitment), and FMX3 (Display Commitment) to manage funds commitments.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and manage funds commitments.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant specializing in SAP Funds Management for further assistance.