How To Fix FS506 - Bank account & not found

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FS506 - Bank account & not found ?

  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 being used.
  
  Solutions:
  
  Verify Bank Account Number: Check the bank account number for accuracy and ensure it is entered correctly.
  Create or Reactivate Bank Account: If the bank account does not exist, create it in the system. If it is inactive, reactivate it.
  Check Authorizations: Ensure that the user has the necessary permissions to access the bank account.
  Review Company Code Assignment: Make sure the bank account is assigned to the correct company code and is valid for the transactions being processed.
  Consult with IT or SAP Support: If the issue persists, consult with your IT department or SAP support team to investigate any underlying data synchronization issues or system errors.
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like FI01 (Create Bank Master Record) or FI02 (Change Bank Master Record) to manage bank accounts.
  Bank Master Data: Ensure that the bank master data is correctly maintained in the system.
  Documentation: Refer to SAP documentation or help files for more detailed information on managing bank accounts and troubleshooting related issues.
  SAP Notes: Check SAP Notes for any known issues or patches related to bank account management.
  
  By following these steps, you should be able to identify the cause of the FS506 error and implement the appropriate solution.