How To Fix FZ516 - Pmnt methods for this run are not specified in master record or in item

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 516

• Message text: Pmnt methods for this run are not specified in master record or in item

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FZ516 - Pmnt methods for this run are not specified in master record or in item ?

  The SAP error message FZ516 indicates that payment methods for a particular run are not specified in the master record or in the item. This error typically occurs during the processing of payment runs in the SAP system, particularly when using the automatic payment program (APP).
  Cause:
  
  
  Missing Payment Method in Vendor/Customer Master Record: The payment method may not be defined in the vendor or customer master record. Each vendor or customer should have a payment method specified for the payment run to process correctly.
  
  
  Missing Payment Method in Payment Proposal: The payment method may not be specified in the payment proposal or the items being processed. This can happen if the payment method is not assigned to the specific line items in the payment run.
  
  
  Configuration Issues: There may be configuration issues in the payment method settings, such as missing entries in the payment method configuration for the company code or payment type.
  
  
  Solution:
  
  
  Check Vendor/Customer Master Record:
  
  Go to the vendor or customer master record (transaction codes XK03 for vendors or FD03 for customers).
  Verify that the payment method is specified in the relevant view (e.g., Company Code Data or Purchasing Data).
  If it is missing, update the master record with the appropriate payment method.
  
  
  
  Check Payment Proposal:
  
  Review the payment proposal (transaction code F110).
  Ensure that the payment method is specified for each item in the proposal.
  If necessary, adjust the payment method in the payment proposal settings.
  
  
  
  Review Payment Method Configuration:
  
  Check the configuration of payment methods in the SAP system (transaction code OBVCU).
  Ensure that the payment method is correctly configured for the relevant company code and payment type.
  Make sure that the payment method is active and has the necessary settings for processing payments.
  
  
  
  Run Payment Program Again:
  
  After making the necessary adjustments, rerun the payment program to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  F110: Automatic Payment Transactions
  XK03: Display Vendor
  FD03: Display Customer
  OBVCU: Configuration for Payment Methods
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring payment methods and managing payment runs.
  
  
  User Roles: Ensure that the user has the necessary authorizations to view and edit vendor/customer master records and payment configurations.
  
  
  By following these steps, you should be able to resolve the FZ516 error and successfully process your payment run.