How To Fix FTVV_MESSAGES308 - Payment method not intended for disbursements

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES308 - Payment method not intended for disbursements ?

  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 to check the settings for the specific company code.
  
  
  
  Assign Payment Method to Disbursement:
  
  If the payment method is not set up for disbursements, you can either modify the existing payment method or create a new one that is intended for disbursements.
  Ensure that the payment method is linked to the appropriate payment type (e.g., outgoing payments).
  
  
  
  Review Vendor/Customer Master Data:
  
  Check the vendor or customer master data (transaction codes XK03 for vendors or FD03 for customers).
  Ensure that the payment method is allowed for the specific vendor or customer in their master data settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the payment transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment methods and understanding payment transactions.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB60 (Enter Incoming Invoice), F110 (Automatic Payment Transactions), and F-53 (Post Outgoing Payments).
  User Roles: Ensure that you have the necessary authorizations to make changes to payment method configurations and master data.
  
  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 Accounting (FI) to further investigate the configuration and settings.