How To Fix FZ018 - No G/L account has been specified for & /& for the bank

FZ018 - Overview

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 018

• Message text: No G/L account has been specified for & /& for the bank

What causes this issue?

A specification has not been made in the system as to which G/L account
is to be posted to for the selected payment method and the specified
bank details.

How to fix this error?

Either specify a different payment method or a different bank if the
entries were not correct. Otherwise, specify the G/L account for
automatic payment transactions within bank selection customizing.

Error message extract from SAP system. Copyright SAP SE.

FZ018 - Details

• The SAP error message FZ018 ("No G/L account has been specified for & /& for the bank") typically occurs in the context of bank accounting when a transaction is being processed, and the system cannot find a General Ledger (G/L) account associated with a specific bank account. This can happen during various financial operations, such as posting payments or bank reconciliations.
  
  Cause:
  
  Missing G/L Account Assignment: The bank account in question has not been assigned a corresponding G/L account in the system.
  
  Configuration Issues: The bank account may not be properly configured in the system, or the necessary settings in the bank master data are incomplete.
  Incorrect Bank Key: The bank key or bank account number may be incorrect or not properly set up in the system.
  Data Migration Issues: If data was migrated from another system, the G/L account assignments may not have been transferred correctly.
  
  
  Solution:
  
  
  Check Bank Master Data:
  
  Go to the transaction code FI01