How To Fix FTVV_MESSAGES308 - Payment method not intended for disbursements

FTVV_MESSAGES308 - Overview

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 308

• Message text: Payment method not intended for disbursements

What causes this issue?

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

System Response

How to fix this error?

Use a payment method suitable for disbursements. Only payment methods
that are not used for incoming payments are permitted. You also need to
set single payment as a payment method. You need to define the payment
method in the customer master.

Error message extract from SAP system. Copyright SAP SE.

FTVV_MESSAGES308 - Details

• The SAP error message FTVV_MESSAGES308 indicates that the payment method you are trying to use is not configured for disbursements in the system. This typically occurs when you attempt to process a payment or disbursement using a payment method that is not set up to handle such transactions.
  
  Cause:
  
  Configuration Issue: The payment method you are using is not assigned to the appropriate payment type for disbursements in the configuration settings.
  Incorrect Payment Method: The payment method may be intended for other types of transactions (e.g., incoming payments) rather than disbursements.
  Master Data Settings: The vendor or customer master data may not be set up to allow the specified payment method for disbursements.
  
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the SAP configuration (transaction code SPRO).
  Navigate to Financial Accounting (New) > Accounts Payable > Payment Transactions > Define Payment Methods for Company Code.
  Ensure that the payment method you are using is configured for disbursements. You may need