How To Fix 67_LOAN_PAY018 - Individual payment is not defined for this payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN_PAY - Loans Management: Messages for Payments

• Message number: 018

• Message text: Individual payment is not defined for this payment method

What causes this issue?

Only payment methods for which individual payment has been agreed are
permissible. This prevents these flows from being inadvertently offset
against other customer items by the payment program, and enables you to
reconcile customer accounts more easily.

How to fix this error?

Choose a payment method with individual payment.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN_PAY018 - Individual payment is not defined for this payment method ?

  The SAP error message 67_LOAN_PAY018 indicates that an individual payment is not defined for the specified payment method in the context of loan payments. This error typically arises when trying to process a payment for a loan, and the system cannot find the necessary configuration for the payment method being used.
  Cause:
  
  Missing Configuration: The payment method you are trying to use for the loan payment has not been properly configured in the system.
  Incorrect Payment Method: The payment method selected may not be applicable for the type of loan or payment you are trying to process.
  Master Data Issues: The master data for the loan or the payment method may be incomplete or incorrect.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1 for payment method configuration).
  Ensure that the payment method you are using is defined for the loan payment type you are processing.
  Verify that the necessary parameters and settings for the payment method are correctly set up.
  
  
  
  Review Loan Master Data:
  
  Check the loan master data to ensure that the payment method is correctly assigned.
  Ensure that all required fields are filled out and that there are no inconsistencies.
  
  
  
  Use a Different Payment Method:
  
  If the current payment method is not configured for individual payments, consider using a different payment method that is supported for loan payments.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on configuring payment methods for loan payments.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and master data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (Payment Method Configuration), FBL1N (Vendor Line Item Display), and FBL3N (G/L Account Line Item Display) to help troubleshoot the issue.
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may resolve the issue.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify payment method configurations.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.