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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ018 - No G/L account has been specified for & /& for the bank ?

  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 (Create Bank) or FI02 (Change Bank) to check the bank master data.
  Ensure that the G/L account is specified for the bank account in question. You can find this under the "Control Data" tab.
  
  
  
  Assign G/L Account:
  
  If the G/L account is missing, you will need to assign the appropriate G/L account to the bank account. This is typically done in the bank master data settings.
  
  
  
  Review Configuration:
  
  Check the configuration settings in the Financial Accounting (FI) module. You can do this through the transaction code SPRO and navigating to:
  
  Financial Accounting (New) > Bank Accounting > Bank Master Data > Define G/L Accounts for Bank Accounts.
  
  
  Ensure that the correct G/L accounts are defined for the relevant bank accounts.
  
  
  
  Validate Bank Key:
  
  Ensure that the bank key and account number are correctly entered in the transaction you are trying to process.
  
  
  
  Test Transactions:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FI01, FI02, and SPRO for configuration.
  Documentation: Refer to SAP documentation or help files for detailed steps on managing bank accounts and G/L account assignments.
  User Roles: Ensure that you have the necessary authorizations to make changes to bank master data and G/L account assignments.
  Consult with SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to resolve the FZ018 error and ensure that your bank accounts are properly configured in SAP.