How To Fix F0347 - Payment method & is missing in company code &

F0347 - Overview

• 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.

F0347 - Details

• 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