How To Fix REXCRACH070 - QR IBAN &1 (not bank details) must be valid on day of periodic posting

SAP Error Message - Details

• Message type: E = Error

• Message class: REXCRACH - Messages Assignment of ISR-Ref. Vendor Invoice to Cash Flow

• Message number: 070

• Message text: QR IBAN &1 (not bank details) must be valid on day of periodic posting

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message REXCRACH070 - QR IBAN &1 (not bank details) must be valid on day of periodic posting ?

  The SAP error message REXCRACH070 indicates that there is an issue with the IBAN (International Bank Account Number) associated with a vendor or customer in the system. Specifically, the error states that the IBAN must be valid on the day of periodic posting, which typically refers to a financial transaction or posting that is being processed in the system.
  Cause:
  
  Invalid IBAN: The IBAN entered for the vendor or customer is not valid or does not conform to the expected format.
  Date of Posting: The IBAN may have been valid at one point but is no longer valid on the date of the posting due to changes in bank details or account status.
  Missing Bank Details: The bank details for the vendor or customer may not be fully maintained in the system, leading to the error.
  Configuration Issues: There may be configuration settings in the SAP system that are not correctly set up to validate IBANs.
  
  Solution:
  
  Verify IBAN: Check the IBAN entered in the vendor or customer master data. Ensure that it is correct and follows the proper format for the respective country.
  Check Validity Date: Ensure that the IBAN is valid on the date of the posting. If the IBAN has changed, update the vendor or customer master data with the new IBAN.
  Update Bank Details: If the bank details are incomplete or missing, update them in the vendor or customer master data.
  Consult with Finance Team: If you are unsure about the validity of the IBAN or how to update it, consult with your finance or accounting team for assistance.
  SAP Configuration: If the issue persists, check with your SAP Basis or technical team to ensure that the system is configured correctly for IBAN validation.
  
  Related Information:
  
  IBAN Format: Different countries have different formats for IBANs. Make sure to refer to the specific format required for the country in question.
  Transaction Codes: You can use transaction codes like FK03 (Display Vendor) or FD03 (Display Customer) to view and edit the bank details.
  SAP Notes: Check SAP Notes for any known issues or updates related to IBAN validation and error messages.
  Documentation: Refer to SAP documentation for guidelines on maintaining vendor and customer master data, especially regarding bank details.
  
  By following these steps, you should be able to resolve the error message REXCRACH070 and ensure that the IBAN is valid for the periodic posting.