How To Fix FZ012 - Payment method & is not defined in company code &; correct

FZ012 - Overview

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 012

• Message text: Payment method & is not defined in company code &; correct

What causes this issue?

Payment method &V1& was not defined for company code &V2&.

System Response

The payment method is rejected.

How to fix this error?

Enter an allowed payment method.
<ZH>Procedure for the system administrator</>
If you want to allow payment method &V1&, enter it within payment
program customizing for company code &V2&. <DS:TRAN.FBZP>Proceed</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ012 - Payment method & is not defined in company code &; correct ?

  The SAP error message FZ012 indicates that a specific payment method is not defined for the specified company code. This error typically occurs when you attempt to process a payment or execute a transaction that requires a payment method that has not been configured in the system for the relevant company code.
  
  Cause:
  
  Missing Configuration: The payment method you are trying to use has not been set up in the system for the specified company code.
  Incorrect Payment Method: The payment method code may be incorrect or misspelled.
  Company Code Not Assigned: The payment method may not be assigned to the company code in the configuration settings.
  
  
  Solution:
  To resolve the FZ012 error, follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to Financial Accounting (FI) > Accounts Receivable or Accounts Payable > Payment Transactions > Payment Methods.
  Select Define Payment Methods for Company Code.
  Ensure that the payment method you are trying to use