How To Fix F5120 - Company code & is not set up for the payment transaction

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 120

• Message text: Company code & is not set up for the payment transaction

What causes this issue?

You predefined a key for the house bank that is to be chosen by
the payment program when payment is made. However, the company
code to which you post is not included in automatic payment
transactions.

System Response

The entry cannot be checked due to missing default settings for
payment transactions and is therefore rejected.

How to fix this error?

Delete your entry and continue with document entry.
If the company code is to be included in payment transactions, you
can adjust the document later, as soon as the necessary default
settings are made in Customizing.
<ZH>Procedure for the system administrator</>
If necessary, maintain data for automatic payment transactions for
the company code &V1&. <DS:TRAN.FBZP>Proceed</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5120 - Company code & is not set up for the payment transaction ?

  The SAP error message F5120, which states "Company code & is not set up for the payment transaction," typically occurs when a company code is not properly configured to handle payment transactions in the SAP system. This can happen in various scenarios, such as when trying to process payments, create payment runs, or execute payment transactions.
  Cause:
  
  Missing Configuration: The company code may not be configured in the payment transaction settings.
  Payment Methods: The payment method being used may not be assigned to the company code.
  Bank Accounts: The bank account associated with the company code may not be set up correctly.
  Payment Program Settings: The payment program may not include the company code in its configuration.
  Authorization Issues: There may be authorization issues preventing the transaction from being processed.
  
  Solution:
  To resolve the F5120 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > Company Code > Define Company Code).
  Ensure that the company code is correctly set up and active.
  
  
  
  Verify Payment Method Configuration:
  
  Use transaction code FBZP to check the payment method configuration.
  Ensure that the payment method you are trying to use is assigned to the company code.
  
  
  
  Check Bank Account Settings:
  
  Go to transaction code FI12 to check the bank account settings.
  Ensure that the bank account is correctly assigned to the company code and that it is active.
  
  
  
  Review Payment Program Settings:
  
  In transaction code FBZP, check the payment program settings to ensure that the company code is included in the payment run configuration.
  
  
  
  Authorization Check:
  
  Ensure that the user executing the transaction has the necessary authorizations to perform payment transactions for the specified company code.
  
  
  
  Consult Documentation:
  
  If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Define Company Code
  FBZP: Payment Program Configuration
  FI12: Bank Master Data
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  User Roles: Ensure that the user roles and authorizations are correctly set up in the system.
  
  By following these steps, you should be able to identify and resolve the cause of the F5120 error in SAP.