How To Fix CMAC_FEE_CALC704 - Settings for payment method &2 for country &1 are incorrect

CMAC_FEE_CALC704 - Overview

• Message type: E = Error

• Message class: CMAC_FEE_CALC - Messages for Student Accounting

• Message number: 704

• Message text: Settings for payment method &2 for country &1 are incorrect

System Response

The system has terminated posting.

Procedure for System Administrators

Check the payment method settings for country &V1& in Customizing for
<LS>Contract Accounts Receivable and Payable</> in the IMG activity
<DS:SIMG._FICABTPY_VC_TFK042Z>Define Payment Methods</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CMAC_FEE_CALC704 - Settings for payment method &2 for country &1 are incorrect ?

  The SAP error message CMAC_FEE_CALC704 indicates that there is an issue with the configuration settings for a specific payment method in a particular country. This error typically arises in the context of fee calculation for payment processing, particularly in the SAP Convergent Charging or SAP Convergent Invoicing modules.
  
  Cause:
  The error is caused by incorrect or missing configuration settings for the specified payment method (&2) in the specified country (&1). This could be due to:
  
  Missing Configuration: The payment method may not be properly configured in the system for the specified country.
  Incorrect Settings: The settings for the payment method may be incorrect, such as invalid fee calculation parameters or missing required fields.
  Inconsistent Data: There may be inconsistencies in the data related to the payment method and country settings.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for payment methods in your SAP system.
  Verify that the payment method (&2)