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

FMLGD523 - Overview

• 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.

FMLGD523 - Details

• 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