How To Fix FVD_CAPTR340 - Payment method &1 is not an outgoing payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_CAPTR - Messages for the Capital Transfer

• Message number: 340

• Message text: Payment method &1 is not an outgoing payment method

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_CAPTR340 - Payment method &1 is not an outgoing payment method ?

  The SAP error message FVD_CAPTR340 indicates that the payment method specified (denoted by &1) is not configured as an outgoing payment method in the system. This error typically arises when trying to process a payment or transaction that requires an outgoing payment method, but the specified method is not set up correctly.
  Cause:
  
  Incorrect Payment Method Configuration: The payment method you are trying to use is not defined as an outgoing payment method in the system.
  Master Data Issues: The vendor or customer master data may not be set up to use the specified payment method.
  Transaction Type Mismatch: The transaction you are trying to execute may not support the payment method you are using.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1 for outgoing payments).
  Verify that the payment method you are trying to use is indeed configured as an outgoing payment method.
  If it is not, you may need to create or modify the payment method to ensure it is set up correctly.
  
  
  
  Review Master Data:
  
  Check the vendor or customer master data to ensure that the payment method is assigned correctly.
  You can do this by using transaction codes like FK02 (for vendors) or FD02 (for customers) to view and edit the master data.
  
  
  
  Transaction Type Verification:
  
  Ensure that the transaction you are trying to execute is compatible with the payment method you are using.
  If necessary, consult the documentation or configuration settings to confirm the allowed payment methods for the specific transaction type.
  
  
  
  Consult with SAP Support:
  
  If you are unable to resolve the issue through configuration changes, consider reaching out to your SAP support team or consulting SAP Notes for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBPM1: Configuration for payment methods.
  FK02: Change vendor master data.
  FD02: Change customer master data.
  
  
  
  SAP Notes: Search for relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Review SAP documentation related to payment processing and payment methods for more detailed guidance on configuration and usage.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary changes to resolve it.