How To Fix /PF1/MSG_PO_GENERAL061 - Presenting party BIC externally erroneous

SAP Error Message - Details

• Message type: E = Error

• Message class: /PF1/MSG_PO_GENERAL -

• Message number: 061

• Message text: Presenting party BIC externally erroneous

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PF1/MSG_PO_GENERAL061 - Presenting party BIC externally erroneous ?

  The SAP error message /PF1/MSG_PO_GENERAL061 indicating "Presenting party BIC externally erroneous" typically relates to issues with the Bank Identifier Code (BIC) used in financial transactions, particularly in the context of payment processing or electronic banking.
  Cause:
  
  Invalid BIC: The BIC provided for the presenting party (usually a bank or financial institution) is incorrect or does not conform to the standard format.
  Missing BIC: The BIC might be missing from the relevant master data or transaction.
  Inactive BIC: The BIC may be inactive or not recognized by the external banking system.
  Data Entry Errors: There could be typographical errors in the BIC code entered in the system.
  Configuration Issues: There may be issues with the configuration of the payment medium or the settings in the SAP system.
  
  Solution:
  
  Verify BIC: Check the BIC code for accuracy. Ensure it is correctly entered and conforms to the standard 8 or 11 character format.
  Update Master Data: If the BIC is missing or incorrect in the vendor or customer master data, update it accordingly.
  Check BIC Status: Ensure that the BIC is active and recognized by the relevant banking institutions. You can verify this through the bank or financial institution's website.
  Correct Configuration: Review the payment medium configuration in SAP to ensure that it is set up correctly to handle BIC codes.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling BIC codes in your version of SAP.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  Related Information:
  
  BIC Code: The Bank Identifier Code (BIC) is used to identify banks and financial institutions globally. It is essential for international transactions.
  SWIFT: BIC codes are often referred to as SWIFT codes, as they are maintained by the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
  SAP Configuration: Familiarize yourself with the relevant SAP modules (like FI for Financial Accounting) and transaction codes that deal with payment processing and bank master data.
  Testing: After making changes, conduct tests to ensure that the error does not recur and that transactions can be processed successfully.
  
  By addressing the above points, you should be able to resolve the error message and ensure smooth processing of financial transactions in SAP.