How To Fix FS506 - Bank account & not found

FS506 - Overview

• Message type: E = Error

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

• Message number: 506

• Message text: Bank account & not found

What causes this issue?

For the house bank selected, there is no account with the specified
account number.

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.

FS506 - Details

• The SAP error message FS506 ("Bank account & not found") typically occurs when the system is unable to locate a specified bank account in the database. This can happen for several reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  Incorrect Bank Account Number: The bank account number entered may be incorrect or not formatted properly.
  Bank Account Not Created: The bank account may not have been created in the system or may have been deleted.
  Inactive Bank Account: The bank account might be inactive or blocked in the system.
  Missing Authorization: The user may not have the necessary permissions to view or access the bank account.
  Data Synchronization Issues: If the bank account data is supposed to be synchronized from another system, there may be issues with that synchronization.
  Company Code Issues: The bank account may not be assigned to the correct company code or may not be valid for the company code