How To Fix FINS_AP_PAYM01003 - Payment medium format &1 is not assigned to a payment method

FINS_AP_PAYM01003 - Overview

• Message type: E = Error

• Message class: FINS_AP_PAYM01 - Message class for package FINS_AP_PAYM

• Message number: 003

• Message text: Payment medium format &1 is not assigned to a payment method

What causes this issue?

You cannot enter any selection variants since the payment medium format
&V1& is not assigned to a payment method.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Enter payment medium format &V1& in your chosen payment method. You do
this in payment program configuration when making settings for payment
methods in that country.
<DS:TRAN.FBZP>Maintain Payment Program Configuration</>

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_AP_PAYM01003 - Payment medium format &1 is not assigned to a payment method ?

  The SAP error message FINS_AP_PAYM01003 indicates that a specific payment medium format is not assigned to a payment method in the system. This error typically occurs when you are trying to process a payment run or generate a payment medium (like a file for bank transfers) and the system cannot find the necessary configuration linking the payment method to the payment medium format.
  
  Cause:
  
  Missing Configuration: The payment medium format you are trying to use is not assigned to the payment method in the configuration settings.
  Incorrect Payment Method: The payment method you are using may not be compatible with the selected payment medium format.
  Custom Payment Medium: If you are using a custom payment medium format, it may not have been properly configured in the system.
  
  
  Solution:
  To resolve this error, you need to ensure that the payment medium format is correctly assigned to the payment method. Here are the steps to do this:
  
  
  Access the