How To Fix FY406 - House bank account for bank &2 &1 and merchant &3 is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FY - Payment Cards

• Message number: 406

• Message text: House bank account for bank &2 &1 and merchant &3 is not defined

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FY406 - House bank account for bank &2 &1 and merchant &3 is not defined ?

  The SAP error message FY406 indicates that there is an issue with the configuration of a house bank account in the system. Specifically, it means that the house bank account for the specified bank and merchant is not defined in the system. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Configuration: The house bank account for the specified bank and merchant has not been set up in the SAP system.
  Incorrect Data Entry: There may be a typo or incorrect data entry when specifying the bank or merchant details.
  Data Migration Issues: If data was migrated from another system, the house bank account may not have been properly transferred or configured.
  Authorization Issues: The user may not have the necessary permissions to access the house bank account.
  
  Solution:
  
  
  Define House Bank Account:
  
  Go to the transaction code FI12 (House Bank) in SAP.
  Check if the house bank account for the specified bank and merchant exists.
  If it does not exist, create a new house bank account by entering the required details (bank key, account number, etc.).
  
  
  
  Check Configuration:
  
  Ensure that the bank and merchant details are correctly configured in the system.
  Verify that the bank key and account number are correctly entered in the relevant configuration settings.
  
  
  
  Review Data Entry:
  
  Double-check the input data for any typos or incorrect entries related to the bank and merchant.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access and manage house bank accounts.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for additional guidance on setting up house bank accounts.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  FI12: To maintain house bank accounts.
  OBHB: To configure house banks.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to house bank configurations.
  
  
  User Roles: Ensure that the user roles and authorizations are correctly set up in the SAP system to avoid access issues.
  
  
  Testing: After making changes, perform tests to ensure that the house bank account is now recognized by the system.
  
  
  By following these steps, you should be able to resolve the FY406 error and ensure that the house bank account is properly defined in your SAP system.