How To Fix FS502 - Specify house bank and bank account key

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 502

• Message text: Specify house bank and bank account key

What causes this issue?

You must enter the short key for the house bank and the bank account
key so that the system is able to determine the correct bank account.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FS502 - Specify house bank and bank account key ?

  The SAP error message FS502 ("Specify house bank and bank account key") typically occurs in the context of financial transactions, particularly when dealing with payment processing or bank-related activities in SAP. This error indicates that the system requires specific information regarding the house bank and the associated bank account, which has not been provided.
  Cause:
  
  Missing Configuration: The house bank and bank account key may not be configured in the system.
  Incomplete Data Entry: The user may not have entered the required fields in the transaction screen.
  Incorrect Master Data: The house bank or bank account may not be correctly set up in the system.
  Transaction Type: The transaction being processed may require specific bank details that have not been provided.
  
  Solution:
  
  
  Check Configuration:
  
  Navigate to the configuration settings for house banks in SAP (Transaction Code: FI12).
  Ensure that the house bank and bank account are properly defined and active.
  
  
  
  Enter Required Data:
  
  When processing a transaction, ensure that you have filled in the fields for the house bank and bank account key.
  If you are using a specific transaction (like payment runs), make sure to select the correct house bank and account.
  
  
  
  Review Master Data:
  
  Check the master data for the vendor or customer involved in the transaction to ensure that the correct house bank and account information is linked.
  Use Transaction Code FK03 (for vendors) or FD03 (for customers) to review the master data.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or user guides for the specific transaction you are trying to execute to ensure all required fields are filled out correctly.
  
  
  
  User Authorization:
  
  Ensure that the user has the necessary authorizations to access and modify bank account information.
  
  
  
  Related Information:
  
  House Bank: A house bank in SAP is a bank account that is used for processing payments and receipts. It is defined in the system and linked to various financial transactions.
  Bank Account Key: This is a unique identifier for a specific bank account within a house bank. It is used to differentiate between multiple accounts that may exist under the same house bank.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FI12: Maintain House Banks
  FSP0: House Bank Account Management
  F110: Automatic Payment Transactions (where this error might commonly occur)
  
  
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or refer to SAP Notes for any known issues or patches related to this error message.