How To Fix 67_LOAN_PAY153 - Payment method & not defined for individual payment: see long text

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 153

• Message text: Payment method & not defined for individual payment: see long text

What causes this issue?

Incorrect payment method selection:
A payment method with individual payment must be assigned to the flow,
as the indicator for payments to third parties is activated on the flow
type.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Choose a suitable payment method. The payment method must be assigned
to the business partner in the current company code. If no such paymnet
method is assigned to the business partner, you will first have to make
this assignment via partner maintenance.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN_PAY153 - Payment method & not defined for individual payment: see long text ?

  The SAP error message 67_LOAN_PAY153 indicates that a specific payment method is not defined for an individual payment in the context of loan payments. This error typically arises when trying to process a payment that requires a specific payment method that has not been configured in the system.
  Cause:
  
  Missing Payment Method Configuration: The payment method you are trying to use for the loan payment is not defined in the system for the specific transaction or document type.
  Incorrect Payment Method Assignment: The payment method may not be assigned to the relevant company code or may not be valid for the specific payment type.
  User Role/Authorization Issues: Sometimes, the user may not have the necessary permissions to access or use the defined payment methods.
  
  Solution:
  
  
  Define Payment Method:
  
  Go to the SAP transaction code OBPM1 (for payment methods in the company code).
  Check if the payment method you are trying to use is defined for the relevant company code.
  If it is not defined, you will need to create a new payment method or modify an existing one to include the necessary configurations.
  
  
  
  Assign Payment Method:
  
  Ensure that the payment method is assigned to the relevant transaction types and document types.
  You can check this in the configuration settings under Financial Accounting > Accounts Receivable and Accounts Payable > Payment Transactions > Define Payment Methods for Company Code.
  
  
  
  Check Payment Method Validity:
  
  Verify that the payment method is valid for the specific payment type you are processing (e.g., whether it is set up for loan payments).
  
  
  
  User Authorization:
  
  Ensure that the user has the necessary authorizations to use the payment method. This can be checked with your SAP security team.
  
  
  
  Consult Long Text:
  
  The error message often has a long text that provides additional details. You can view this by clicking on the message or using the transaction code SE91 to look up the message and its long text for more context.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBPM1: Define Payment Methods
  OBPM2: Payment Method for Document Types
  SE91: Message Class and Message Maintenance
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment methods and troubleshooting payment processing issues.
  Support: If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the error and successfully process the payment.