How To Fix FKKPREP116 - Contract account &1 does not contain any outgoing payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKPREP - Prepaid Functions

• Message number: 116

• Message text: Contract account &1 does not contain any outgoing payment method

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKKPREP116 - Contract account &1 does not contain any outgoing payment method ?

  The SAP error message FKKPREP116 indicates that the specified contract account does not have any outgoing payment method defined. This error typically occurs in the context of contract accounts in the SAP Financial Services module, particularly when processing payments or executing payment runs.
  Cause:
  The primary cause of this error is that the contract account (identified by the placeholder &1 in the error message) lacks a defined outgoing payment method. This can happen for several reasons:
  
  The payment method has not been set up for the contract account.
  The payment method is inactive or not applicable for the account.
  There may be configuration issues in the payment method settings.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Contract Account Settings:
  
  Go to the contract account in question using transaction code FD32 (for customer accounts) or FBL1N (for vendor accounts).
  Verify if an outgoing payment method is assigned to the account.
  
  
  
  Assign Payment Method:
  
  If no payment method is assigned, you can add one:
  
  Navigate to the payment method settings for the contract account.
  Assign a valid outgoing payment method that is appropriate for the account type.
  
  
  
  
  
  Review Payment Method Configuration:
  
  Ensure that the payment method is correctly configured in the system. You can check this in the configuration settings:
  
  Use transaction code OBPM1 to review the payment method settings.
  Ensure that the payment method is active and properly configured for the relevant company code and account type.
  
  
  
  
  
  Check for Restrictions:
  
  Ensure that there are no restrictions or conditions that prevent the payment method from being used for the contract account.
  
  
  
  Test the Payment Run:
  
  After making the necessary changes, attempt to execute the payment run again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FD32: Display Customer Master Data
  FBL1N: Vendor Line Item Display
  OBPM1: Payment Method Configuration
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed information on configuring payment methods and managing contract accounts.
  
  
  Support:
  
  If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  
  
  By ensuring that the contract account has a valid outgoing payment method assigned, you should be able to resolve the FKKPREP116 error and proceed with your payment processing tasks.