How To Fix PFM_12FI_AP034 - Bank selected does not have enough balance for payment

PFM_12FI_AP034 - Overview

• Message type: E = Error

• Message class: PFM_12FI_AP - Message class for FI: payment authorization

• Message number: 034

• Message text: Bank selected does not have enough balance for payment

Self-Explanatory Message

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PFM_12FI_AP034 - Details

• The SAP error message PFM_12FI_AP034 indicates that the bank account selected for a payment does not have sufficient funds to cover the payment amount. This error typically arises in the context of financial transactions, particularly when processing payments to vendors or suppliers.
  
  Cause:
  
  Insufficient Balance: The primary cause of this error is that the bank account you are trying to use for the payment does not have enough available balance to cover the payment amount.
  Incorrect Bank Account: The wrong bank account may have been selected for the payment.
  Payment Amount: The payment amount may exceed the available balance in the selected bank account.
  Currency Issues: If the payment involves currency conversion, fluctuations in exchange rates may affect the available balance.
  Pending Transactions: There may be pending transactions that have not yet been accounted for, which could reduce the available balance.
  
  
  Solution:
  
  Check Bank Balance: Verify the balance of the selected bank account to ensure it has enough