How To Fix FVD_ESCROW064 - Payment method &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_ESCROW - Message Class ESCROW

• Message number: 064

• Message text: Payment method &1 does not exist

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_ESCROW064 - Payment method &1 does not exist ?

  The SAP error message FVD_ESCROW064 indicates that the payment method specified in the transaction does not exist in the system. This error typically occurs in the context of financial transactions, particularly when dealing with escrow accounts or payment processing.
  Cause:
  
  Incorrect Payment Method: The payment method specified in the transaction is either misspelled or does not exist in the configuration.
  Configuration Issues: The payment method may not have been set up in the system for the specific company code or transaction type.
  Data Migration Issues: If data has been migrated from another system, the payment methods may not have been properly transferred or configured.
  Authorization Issues: The user may not have the necessary authorizations to access the specified payment method.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to the relevant section for payment methods (e.g., Financial Accounting > Accounts Receivable > Payment Methods).
  Verify that the payment method you are trying to use is defined and active for the relevant company code.
  
  
  
  Correct the Payment Method:
  
  If the payment method is incorrect, update the transaction with the correct payment method that exists in the system.
  
  
  
  Create Missing Payment Method:
  
  If the payment method does not exist, you may need to create it. This can be done in the configuration settings mentioned above.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to use the specified payment method. This can be checked with the security team or through transaction code SU53 after the error occurs.
  
  
  
  Consult Documentation:
  
  Review any relevant documentation or user manuals for your specific SAP implementation to ensure that you are following the correct procedures.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBZP (for payment program configuration) and OBPM1 (for payment methods in country).
  SAP Notes: Check SAP Notes for any known issues or patches related to payment methods and the specific error message.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the error message FVD_ESCROW064 and ensure that the payment method is correctly configured and utilized in your SAP system.