How To Fix ICL_CF298 - No house bank for co. code &1 in Collections/Disbursements (tableT012)

SAP Error Message - Details

• Message type: E = Error

• Message class: ICL_CF - Insurance Solution Claims Settlement/Payment Financial Part

• Message number: 298

• Message text: No house bank for co. code &1 in Collections/Disbursements (tableT012)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICL_CF298 - No house bank for co. code &1 in Collections/Disbursements (tableT012) ?

  The SAP error message ICL_CF298 indicates that there is no house bank defined for the specified company code in the Collections/Disbursements module. This error typically arises when trying to process transactions that require a house bank configuration, but the system cannot find the necessary data.
  Cause:
  
  Missing House Bank Configuration: The primary cause of this error is that the house bank has not been set up for the specified company code in the system.
  Incorrect Company Code: The company code specified in the transaction may not have a corresponding house bank defined.
  Data Inconsistency: There may be inconsistencies or missing entries in the relevant configuration tables.
  
  Solution:
  To resolve the ICL_CF298 error, follow these steps:
  
  
  Check House Bank Configuration:
  
  Navigate to the SAP transaction code OBI3 (or use the path: Financial Accounting > Bank Accounting > Master Data > House Banks > Create).
  Verify if a house bank is defined for the company code in question. If not, you will need to create one.
  
  
  
  Create a House Bank:
  
  If a house bank does not exist, create it by entering the necessary details such as:
  
  Bank key
  Bank account number
  Company code
  Other relevant information
  
  
  Save the configuration.
  
  
  
  Verify Company Code:
  
  Ensure that the company code you are using in your transaction is correct and matches the one for which the house bank is configured.
  
  
  
  Check for Data Consistency:
  
  If the house bank is configured but the error persists, check for any inconsistencies in the configuration or data entries. You may need to consult with your SAP administrator or support team.
  
  
  
  Testing:
  
  After making the necessary changes, re-attempt the transaction that triggered the error to confirm that it has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBI3: To view or create house banks.
  OBY6: To check company code settings.
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring house banks and managing bank accounts.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team for further assistance.
  
  By ensuring that the house bank is properly configured for the relevant company code, you should be able to resolve the ICL_CF298 error and proceed with your transactions.