How To Fix FS504 - Specify bank key as well as bank account number

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 504

• Message text: Specify bank key as well as bank account number

What causes this issue?

You must enter the bank number of the house bank and the bank account
number so that the system can determine the correct account.

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 FS504 - Specify bank key as well as bank account number ?

  The SAP error message FS504 ("Specify bank key as well as bank account number") typically occurs in the context of financial transactions, particularly when dealing with bank master data or payment processing. This error indicates that the system requires both the bank key and the bank account number to be specified, but one or both of these fields are missing or incorrectly filled.
  Cause:
  
  Missing Data: The bank key or bank account number is not entered in the relevant fields.
  Incorrect Configuration: The bank key or account number may not be correctly configured in the system.
  Data Entry Error: There may be a typographical error in the bank key or account number.
  Inconsistent Data: The bank key and account number may not match the expected format or may not correspond to each other in the system.
  
  Solution:
  
  Check Input Fields: Ensure that both the bank key and bank account number are filled in correctly. Verify that there are no typos or missing characters.
  Verify Bank Master Data: Go to the bank master data (transaction code FI01 or FI02) and check if the bank key and account number are correctly set up and active.
  Review Configuration: If you have access, check the configuration settings for bank accounts in the Financial Accounting (FI) module to ensure that the bank key is correctly linked to the bank account.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for the correct format and requirements for entering bank details.
  Test with Different Data: If possible, try entering a different bank key and account number to see if the error persists, which can help identify if the issue is with specific data.
  Contact Support: If the issue cannot be resolved, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  FI01: Create Bank Master Record
  FI02: Change Bank Master Record
  FI03: Display Bank Master Record
  
  
  Bank Key: This is a unique identifier for a bank, often consisting of a combination of numbers and letters, depending on the country.
  Bank Account Number: This is the specific account number associated with the bank key, which is used for transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  By following these steps, you should be able to identify and resolve the FS504 error in SAP.