How To Fix FV003 - Bank account does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 003

• Message text: Bank account does not exist

What causes this issue?

The bank account number &V1& could not be found.

How to fix this error?

Check the bank account number or the corresponding entry in the
directory of the house bank accounts.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV003 - Bank account does not exist ?

  The SAP error message FV003, which states "Bank account does not exist," typically occurs when you are trying to process a transaction that involves a bank account that has not been properly set up or is not recognized in the system. Here are the potential causes, solutions, and related information for this error:
  Causes:
  
  Bank Account Not Created: The bank account you are trying to use has not been created in the system.
  Incorrect Bank Account Number: The bank account number entered may be incorrect or misspelled.
  Inactive Bank Account: The bank account may exist but is marked as inactive or blocked.
  Company Code Issues: The bank account may not be assigned to the correct company code.
  Missing Bank Master Data: The necessary master data for the bank account may not be fully maintained.
  Authorization Issues: The user may not have the necessary permissions to access the bank account.
  
  Solutions:
  
  
  Create the Bank Account:
  
  Navigate to the transaction code FI01 (Create Bank Master Data) to create the bank account if it does not exist.
  Ensure that all required fields are filled out correctly.
  
  
  
  Verify Bank Account Details:
  
  Check the bank account number for any typos or errors.
  Use transaction code FI02 (Change Bank Master Data) to verify the details of the bank account.
  
  
  
  Check Account Status:
  
  Ensure that the bank account is active. You can check this in the bank master data screen.
  If the account is inactive, you may need to reactivate it.
  
  
  
  Company Code Assignment:
  
  Ensure that the bank account is assigned to the correct company code. You can check this in the bank master data.
  
  
  
  Maintain Missing Data:
  
  If any required fields in the bank master data are missing, complete them using transaction code FI02.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to access and use the bank account. This may require coordination with your SAP security team.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FI01: Create Bank Master Data
  FI02: Change Bank Master Data
  FI03: Display Bank Master Data
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to bank accounts and this error message.
  Documentation: Review SAP documentation for bank accounting to ensure compliance with best practices in setting up and managing bank accounts.
  
  By following these steps, you should be able to resolve the FV003 error and ensure that the bank account is properly set up in your SAP system.