How To Fix FMLGD523 - Funds cmmt item not found; cmpny code &1/period &2/bank details &3 &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FMLGD -

• Message number: 523

• Message text: Funds cmmt item not found; cmpny code &1/period &2/bank details &3 &4

What causes this issue?

You want to update direct debits automatically. This is not possible
however, as no suitable funds commitment item was found for the
specified note to payee for the fund commitment(s) of the payer (company
code &V1&, period &V2& payer 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?

If this is the case, you must supplement the funds commitment defined in
Customizing with a funds commitment item with the corresponding note to
payee.

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 FMLGD523 - Funds cmmt item not found; cmpny code &1/period &2/bank details &3 &4 ?

  The SAP error message FMLGD523 indicates that a funds commitment item could not be found for a specific company code, period, and bank details. This error typically arises in the context of financial transactions, particularly when dealing with funds management or budgetary control in SAP.
  Cause:
  
  Missing Commitment Item: The specified commitment item does not exist in the system for the given company code and period.
  Incorrect Configuration: There may be a configuration issue in the funds management settings, such as missing or incorrect settings for the commitment item.
  Data Entry Error: The data entered for the transaction may be incorrect, leading to the system being unable to find the corresponding commitment item.
  Period Closure: The specified period may be closed, and no further transactions can be processed for that period.
  Bank Details Issue: The bank details provided may not be correctly set up or may not correspond to the commitment item.
  
  Solution:
  
  Check Commitment Item: Verify that the commitment item exists in the system for the specified company code and period. You can do this by navigating to the relevant funds management transaction or using transaction codes like FMBB (Budgeting) or FMF1 (Display Funds Commitment).
  Review Configuration: Ensure that the funds management configuration is correctly set up. This includes checking the settings for commitment items and ensuring they are properly linked to the relevant company codes and periods.
  Correct Data Entry: Double-check the data entered for the transaction, including the company code, period, and bank details, to ensure they are accurate.
  Open Period: If the period is closed, you may need to open it again if permissible, or you may need to process the transaction in an open period.
  Bank Details Verification: Ensure that the bank details provided are valid and correctly configured in the system. Check if the bank account is active and properly linked to the commitment item.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FMBB, FMF1, and FMME for managing funds and commitments.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Authorization: Ensure that the user has the necessary authorizations to access the funds management functionalities.
  Consult Documentation: Refer to SAP documentation or help files for detailed information on funds management and commitment items.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant specializing in SAP Funds Management for further assistance.