F0347 - Payment method & is missing in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: F0 - FI batch program messages

• Message number: 347

• Message text: Payment method & is missing in company code &

What causes this issue?

The payment method &V1& in company code &V2& was deleted between the
payment run and the creation of the payment medium.

System Response

Termination of the payment medium program.

How to fix this error?

Maintain the payment method &V1& in company code &V2& in the payment
program configuration.
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Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F0347 - Payment method & is missing in company code & ?

  The SAP error message F0347 indicates that a specific payment method is missing for a particular company code in the system. This error typically arises when you attempt to process a payment or execute a transaction that requires a defined payment method, but the system cannot find the necessary configuration for that payment method in the specified company code.
  Cause:
  
  Missing Configuration: The payment method has not been defined for the company code in the configuration settings.
  Incorrect Payment Method: The payment method being used is not valid for the company code in question.
  Data Entry Error: There may be a typo or incorrect entry in the payment method field.
  
  Solution:
  To resolve the F0347 error, follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (Customizing) > Financial Accounting > Accounts Receivable and Accounts Payable > Payment Transactions > Define Payment Methods for Company Code.
  Ensure that the payment method in question is defined for the relevant company code.
  
  
  
  Add or Modify Payment Method:
  
  If the payment method is missing, you can add it by selecting the appropriate company code and entering the required details for the payment method.
  If the payment method exists but is not configured correctly, modify the settings as needed.
  
  
  
  Check for Validity:
  
  Ensure that the payment method is valid and active. Sometimes, payment methods can be deactivated or set to be used only under certain conditions.
  
  
  
  Review User Input:
  
  Double-check the transaction or document where the error occurred to ensure that the correct payment method is being used and that there are no typographical errors.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBPM1 (for payment method configuration) to access the relevant settings directly.
  Company Code: Ensure that you are working with the correct company code, as payment methods are often specific to each company code.
  Testing: After making changes, test the payment process again to ensure that the error has been resolved.
  
  By following these steps, you should be able to resolve the F0347 error and successfully process payments in SAP.