How To Fix FZ016 - & & is not defined for company code &; correct

FZ016 - Overview

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 016

• Message text: & & is not defined for company code &; correct

What causes this issue?

Keys &V1& and &V2& for the account at the house bank are not defined in
company code &V3&.

System Response

The entry is rejected.

How to fix this error?

Enter valid keys for the house bank and the account at the house bank.
<ZH>Procedure for the system administrator</>
If the specified key combination is missing in the list of your own
bank accounts, create a corresponding entry. <DS:TRAN.FI12>Proceed</>.

Error message extract from SAP system. Copyright SAP SE.

FZ016 - Details

• The SAP error message FZ016 typically indicates that a specific configuration or definition is missing for a company code in the context of financial transactions. The message format usually looks like this: "FZ016 & & is not defined for company code &; correct?" This error often arises in the context of financial document processing, particularly when dealing with payment transactions or other financial postings.
  
  Cause:
  
  Missing Configuration: The error usually occurs when a required configuration for a specific financial transaction (like a payment method, payment type, or other financial settings) is not defined for the specified company code.
  Incorrect Settings: There may be incorrect or incomplete settings in the financial configuration for the company code.
  Master Data Issues: The relevant master data (like vendor or customer master records) may not be properly set up for the company code in question.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant section for Financial