How To Fix IHC066 - Receiving bank area &1 is known, define transaction type &2 as ext. paymt

SAP Error Message - Details

• Message type: E = Error

• Message class: IHC - IHC Messages

• Message number: 066

• Message text: Receiving bank area &1 is known, define transaction type &2 as ext. paymt

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message IHC066 - Receiving bank area &1 is known, define transaction type &2 as ext. paymt ?

  The SAP error message IHC066 indicates that there is an issue with the configuration of the transaction type for external payments in the context of the Intercompany Financial Management (IHC) module. Specifically, it suggests that the receiving bank area is recognized, but the transaction type for external payments has not been defined correctly.
  Cause:
  
  Missing Configuration: The transaction type for external payments has not been defined in the system for the specified receiving bank area.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration of the Intercompany payment process.
  Bank Area Not Properly Defined: The bank area may not be properly set up in the system, leading to the inability to process the payment.
  
  Solution:
  To resolve the IHC066 error, follow these steps:
  
  
  Define Transaction Type:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to Financial Supply Chain Management > Intercompany Financial Management > Define Transaction Types.
  Check if the transaction type for external payments is defined for the relevant receiving bank area. If not, create a new entry or modify an existing one to include the necessary details.
  
  
  
  Check Bank Area Configuration:
  
  Ensure that the receiving bank area is correctly configured in the system.
  Go to Financial Accounting > Bank Accounting > Master Data > Bank Area and verify the settings.
  
  
  
  Review Payment Configuration:
  
  Check the payment configuration settings to ensure that all necessary parameters are set correctly for intercompany payments.
  Ensure that the payment methods and transaction types are aligned with the bank area settings.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OBPM1 (for payment methods) and OBVCU (for transaction types) to access the relevant configuration settings.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring intercompany payments and transaction types.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the IHC066 error and ensure that your intercompany payment processes function correctly.