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

F5120 - Overview

• 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.

F5120 - Details

• 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