How To Fix FVD_SEPA014 - Company Code &1 / Contract &2: BIC could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_SEPA - Message Class for SEPA Developments in CML

• Message number: 014

• Message text: Company Code &1 / Contract &2: BIC could not be determined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_SEPA014 - Company Code &1 / Contract &2: BIC could not be determined ?

  The SAP error message FVD_SEPA014 indicates that the system was unable to determine the BIC (Bank Identifier Code) for a specific company code and contract. This error typically arises in the context of financial transactions, particularly when dealing with SEPA (Single Euro Payments Area) transactions.
  Cause:
  
  Missing BIC Information: The BIC for the bank account associated with the company code or contract may not be maintained in the system.
  Incorrect Configuration: The configuration settings for the bank master data may not be set up correctly, leading to the inability to retrieve the BIC.
  Bank Master Data Issues: The bank master data may be incomplete or incorrectly maintained, which can prevent the system from determining the BIC.
  Contract or Company Code Issues: The specific contract or company code may not be properly linked to the bank account that has the BIC information.
  
  Solution:
  
  
  Check Bank Master Data:
  
  Go to the bank master data in SAP and verify that the BIC is correctly maintained for the relevant bank account.
  Ensure that the bank account is linked to the correct company code.
  
  
  
  Maintain BIC Information:
  
  If the BIC is missing, you can add it by navigating to the bank master data transaction (e.g., transaction code FI01 for creating a bank master record or FI02 for changing it).
  Ensure that the BIC is entered in the appropriate field.
  
  
  
  Review Company Code and Contract Settings:
  
  Check the settings for the company code and contract to ensure they are correctly configured to use the bank account with the BIC.
  Make sure that the contract is linked to the correct company code and bank account.
  
  
  
  Run Consistency Checks:
  
  Use transaction codes like FIBL or FIBL1 to run consistency checks on bank data and ensure that all necessary information is complete.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to SEPA and bank master data for any additional configuration steps that may be required.
  
  
  
  Related Information:
  
  SEPA Compliance: Ensure that your system is compliant with SEPA regulations, as this may affect how bank data is managed.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on maintaining bank master data.
  User Authorizations: Ensure that you have the necessary authorizations to view and edit bank master data.
  
  By following these steps, you should be able to resolve the FVD_SEPA014 error and ensure that the BIC can be determined correctly for your financial transactions.