How To Fix 1FA121 - Define payment details for the account holder

1FA121 - Overview

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 121

• Message text: Define payment details for the account holder

What causes this issue?

According to the customizing settings, only the payment details of the
account holder are to be used for the product &v1& (bank area &v2&).
However, you have not defined any payment details for business partner
&v3&.

Error message extract from SAP system. Copyright SAP SE.

1FA121 - Details

• The SAP error message 1FA121 ("Define payment details for the account holder") typically occurs when there is a missing configuration related to payment details for a specific account holder in the SAP system. This error is often encountered in the context of financial transactions, such as when processing payments or setting up payment methods for vendors or customers.
  
  Cause:
  The error is usually caused by one of the following reasons:
  
  Missing Payment Details: The account holder (vendor or customer) does not have the necessary payment details defined in the system.
  Incomplete Master Data: The master data for the vendor or customer may be incomplete, lacking necessary information such as bank details, payment methods, or payment terms.
  
  Configuration Issues: There may be issues with the configuration settings in the payment processing area of SAP.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Master Data:
  
  Go to the vendor or customer master data transaction (e.g., FK02 for vendors