How To Fix FAP_PP047 - No G/L account for payment method &1 with currency &2 defined for bank

SAP Error Message - Details

• Message type: E = Error

• Message class: FAP_PP - Messages for payment proposal

• Message number: 047

• Message text: No G/L account for payment method &1 with currency &2 defined for bank

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAP_PP047 - No G/L account for payment method &1 with currency &2 defined for bank ?

  The SAP error message FAP_PP047 indicates that there is no General Ledger (G/L) account defined for a specific payment method and currency combination for a bank. This error typically arises during the processing of payments or when trying to execute a payment run.
  Cause:
  
  Missing G/L Account Configuration: The primary cause of this error is that the G/L account for the specified payment method and currency has not been set up in the system.
  Incorrect Payment Method: The payment method being used may not be correctly configured for the bank account in question.
  Currency Issues: The currency specified may not have a corresponding G/L account defined for the payment method.
  Bank Configuration: The bank account may not be properly configured in the system, leading to the absence of the required G/L account.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment methods) or FBZP (for payment program configuration).
  Verify that the payment method in question is correctly configured for the relevant company code and bank account.
  
  
  
  Define G/L Account:
  
  Navigate to the configuration for the payment method (transaction code OBPM1).
  Ensure that a G/L account is assigned for the payment method and currency combination.
  If it is missing, you will need to create or assign the appropriate G/L account.
  
  
  
  Check Bank Account Configuration:
  
  Go to transaction code FI12 (for bank master data).
  Ensure that the bank account is correctly set up and that the payment method is linked to the bank account.
  
  
  
  Review Currency Settings:
  
  Ensure that the currency used in the payment run is supported and that a G/L account exists for that currency and payment method.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test payment run to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FBZP: Payment Program Configuration
  OBPM1: Payment Method in Country
  FI12: Bank Master Data
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment methods and G/L accounts.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FAP_PP047 error and ensure that the payment process can proceed without issues.