How To Fix FS501 - Enter either house bank or bank key data

SAP Error Message - Details

• Message type: E = Error

• Message class: FS - Messages from Tax Routines / Prenumbered Checks

• Message number: 501

• Message text: Enter either house bank or bank key data

How to fix this error?

The system needs bank data in order to be able to find check
information. You must therefore enter either the external bank data
(bank number and bank account number) or the SAP bank keys (house bank
and bank account key).

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 FS501 - Enter either house bank or bank key data ?

  The SAP error message FS501 ("Enter either house bank or bank key data") typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank master data. This error indicates that the system requires either a house bank or bank key data to proceed with the transaction, but neither has been provided.
  
  Cause:
  
  Missing House Bank: The house bank is not specified in the transaction or configuration.
  Missing Bank Key: The bank key (which identifies the bank in the system) is not provided.
  Incorrect Configuration: The configuration for the house bank or bank key may not be set up correctly in the system.
  Data Entry Error: The user may have overlooked entering the required information in the relevant fields.
  
  
  Solution:
  To resolve the FS501 error, you can take the following steps:
  
  
  Check Transaction Data:
  
  Ensure that you have entered either a house bank or bank key in the relevant fields of the transaction.
  If you are