How To Fix F0300 - Central bank indic.missing for payment & &, therefore no paymt medium

F0300 - Overview

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 300

• Message text: Central bank indic.missing for payment & &, therefore no paymt medium

What causes this issue?

No SCB indicator was found in the accounting documents for payment &V1&
&V2&. Since the payment amount is greater than the legally allowable
tax-exempt amount, you must make a report to the central bank about the
payment, which is only possible by qualifying the transaction with an
SCB indicator.

System Response

No payment medium was generated for the named payment document. The
payment will have to be repeated!

How to fix this error?

If a proposal run was done first, you can correct the error by changing
one of the accounting documents (entering an SCB indicator).
If the payments were already posted, the payment will have to be
carried out another way (manually).
To avoid this error in the future, you can configure the SCB indicator
as a required entry for posting invoices from foreign suppliers.
You can find further information in the corresponding part of the
<DS:TX.FI_RFFO_CUSTOMIZING_T015L>Program documentation</>.

Error message extract from SAP system. Copyright SAP SE.

F0300 - Details

• The SAP error message F0300, which states "Central bank indicator missing for payment & &, therefore no payment medium," typically occurs when there is a missing configuration related to the central bank indicator in the payment processing settings. This error can prevent the generation of payment media, such as checks or electronic transfers.
  
  Cause:
  
  Missing Central Bank Indicator: The central bank indicator is not defined for the payment method or the company code in the configuration settings.
  Incorrect Payment Method: The payment method being used may not be properly configured to include a central bank indicator.
  Company Code Settings: The company code settings may not have the necessary configurations for the payment method being used.
  
  
  Solution:
  To resolve the F0300 error, follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment methods in company code).
  Ensure that the payment method you are using is correctly configured and has a central bank indicator assigned.
  
  
  
  Assign Central