How To Fix FIEBPP271 - Payment description for company code &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: FIEBPP - Biller Direct

• Message number: 271

• Message text: Payment description for company code &1 not defined

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FIEBPP271 - Payment description for company code &1 not defined ?

  The SAP error message FIEBPP271, which states "Payment description for company code &1 not defined," typically occurs in the context of payment processing in SAP, particularly when dealing with payment runs or payment proposals. This error indicates that the system cannot find a defined payment description for the specified company code.
  Cause:
  
  Missing Configuration: The payment description for the specified company code has not been configured in the system.
  Incorrect Company Code: The company code referenced in the error message may not be set up correctly or may not exist in the system.
  Payment Method Issues: The payment method being used may not have a corresponding payment description defined for the company code.
  Master Data Issues: There may be issues with the vendor or customer master data that are affecting the payment processing.
  
  Solution:
  
  
  Define Payment Description:
  
  Go to the configuration settings in SAP.
  Navigate to the path: Financial Accounting (FI) > Accounts Receivable > Business Transactions > Outgoing Payments > Automatic Outgoing Payments > Define Payment Descriptions.
  Ensure that a payment description is defined for the relevant company code.
  
  
  
  Check Company Code Configuration:
  
  Verify that the company code exists and is correctly configured in the system.
  You can check this in the configuration settings under Enterprise Structure > Definition > Financial Accounting > Define Company.
  
  
  
  Review Payment Method Settings:
  
  Check the payment method settings to ensure that the payment method being used has a valid payment description associated with it.
  This can be found under Financial Accounting > Accounts Payable > Business Transactions > Outgoing Payments > Automatic Outgoing Payments > Define Payment Methods for Company Code.
  
  
  
  Check Master Data:
  
  Review the vendor or customer master data to ensure that all necessary fields are filled out correctly, including payment terms and payment methods.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test payment run to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBPM1 (for payment methods) and OBY6 (for company code settings) to access the relevant configuration areas.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment descriptions and payment methods.
  Support: If the issue persists after checking the above configurations, consider reaching out to your SAP support team or consulting SAP Notes for any known issues related to this error message.
  
  By following these steps, you should be able to resolve the FIEBPP271 error and successfully process payments in SAP.