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

SAP Error Message - Details

• 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 is defined for the relevant company code.
  
  
  
  Define Payment Method:
  
  If the payment method is not defined, you can create it:
  
  Click on the "New Entries" button.
  Enter the payment method code, description, and assign it to the appropriate company code.
  Configure the necessary settings for the payment method (e.g., bank details, payment medium, etc.).
  
  
  
  
  
  Check for Typos:
  
  Verify that the payment method code you are using in your transaction is correct and does not contain any typos.
  
  
  
  Assign Payment Method to Company Code:
  
  If the payment method exists but is not assigned to the company code, you need to assign it:
  
  In the same configuration area, ensure that the payment method is linked to the correct company code.
  
  
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the payment transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBPM1 (for defining payment methods) or FBZP (for payment program configuration) to access the relevant configuration screens.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment methods and understanding the implications of each setting.
  User Roles: Ensure that you have the necessary authorizations to make changes to payment method configurations.
  
  By following these steps, you should be able to resolve the FZ012 error and successfully process your payment transactions.