How To Fix FZ811 - Payment method & is not defined for foreign currencies

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 811

• Message text: Payment method & is not defined for foreign currencies

What causes this issue?

Data error: According to Customizing, the payment method used (&V1&) is
not defined for foreign currency payments. The payment in question has
the key &V2&.

System Response

Processing is terminated.

How to fix this error?

Choose another payment method or change the configuration of the
payment method in the company code.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FZ811 - Payment method & is not defined for foreign currencies ?

  The SAP error message FZ811 indicates that a specific payment method is not defined for foreign currencies in the system. This error typically arises when you are trying to process a payment or a transaction that involves a foreign currency, but the payment method you are using is not configured to handle such transactions.
  Cause:
  
  Payment Method Configuration: The payment method you are trying to use is not set up to allow transactions in foreign currencies.
  Company Code Settings: The company code may not have the necessary settings to support foreign currency transactions for the specified payment method.
  Currency Settings: The currency settings for the payment method may not include the foreign currency you are trying to use.
  
  Solution:
  To resolve the FZ811 error, you can follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBVCU (or navigate through the menu: SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Outgoing Payments > Manual Outgoing Payments > Define Payment Methods for Company Code).
  Select the relevant payment method and check if it is configured for foreign currencies. Ensure that the "Foreign Currency" option is enabled.
  
  
  
  Define Payment Method for Foreign Currency:
  
  If the payment method is not defined for foreign currencies, you will need to add the necessary configuration. This may involve specifying which currencies the payment method can handle.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code settings allow for foreign currency transactions. This can be checked in the configuration settings for the company code.
  
  
  
  Review Currency Settings:
  
  Make sure that the foreign currency you are trying to use is included in the payment method settings. You may need to add the currency if it is not already listed.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the payment process again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBVCU (for payment method configuration) and OBY6 (for company code settings).
  Documentation: Refer to SAP documentation or help files for detailed steps on configuring payment methods and handling foreign currencies.
  User Roles: Ensure that you have the necessary authorizations to make changes to payment method configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.