How To Fix FINLOC_KR_PAYMENT000 - Entry &1 does not exist in T016 (check entry)

SAP Error Message - Details

• Message type: E = Error

• Message class: FINLOC_KR_PAYMENT - Korea : Industry Type

• Message number: 000

• Message text: Entry &1 does not exist in T016 (check entry)

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINLOC_KR_PAYMENT000 - Entry &1 does not exist in T016 (check entry) ?

  The SAP error message FINLOC_KR_PAYMENT000 with the description "Entry &1 does not exist in T016 (check entry)" typically indicates that there is an issue with the configuration of the payment method or the bank details in the system. The error suggests that the system is trying to reference an entry in the T016 table (which contains payment methods for different countries) that does not exist.
  Cause:
  
  Missing Configuration: The payment method you are trying to use is not configured in the T016 table for the specific country or company code.
  Incorrect Payment Method: The payment method specified in the transaction may not be valid or may not be set up correctly.
  Data Entry Error: There may be a typo or incorrect entry in the payment method field.
  Country-Specific Settings: The payment method may not be available for the specific country or region you are working with.
  
  Solution:
  
  
  Check T016 Table: 
  
  Use transaction code SE16 or SE16N to view the T016 table.
  Check if the payment method you are trying to use exists for the relevant country and company code.
  
  
  
  Configure Payment Method:
  
  If the payment method is missing, you will need to configure it. This can be done in the following way:
  
  Go to transaction code OBPM1 (for payment method configuration).
  Ensure that the payment method is defined for the relevant company code and country.
  If necessary, create a new entry for the payment method.
  
  
  
  
  
  Verify Payment Method in Transaction:
  
  Double-check the transaction where the error occurred to ensure that the correct payment method is being used.
  Make sure there are no typos or incorrect entries.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or help resources for specific details on configuring payment methods for your version of SAP.
  
  
  
  Check User Authorizations: 
  
  Ensure that the user has the necessary authorizations to access and use the payment method.
  
  
  
  Related Information:
  
  T016 Table: This table contains the configuration for payment methods by country and company code. It is essential for processing payments correctly.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (Payment Methods in Company Code) and OBPM2 (Payment Methods for Payment Transactions).
  SAP Notes: Check SAP Notes for any known issues or updates related to payment methods and the specific error message.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial processes within SAP.