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