How To Fix PSSC_NET062 - No payment frequency type assigned to payment family &1

SAP Error Message - Details

• Message type: E = Error

• Message class: PSSC_NET - Net Calculation

• Message number: 062

• Message text: No payment frequency type assigned to payment family &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSSC_NET062 - No payment frequency type assigned to payment family &1 ?

  The SAP error message PSSC_NET062 indicates that there is no payment frequency type assigned to a specific payment family in the system. This error typically arises in the context of payment processing, particularly when configuring payment methods or payment families in SAP.
  Cause:
  The error occurs when:
  
  A payment family is defined in the system, but it does not have an associated payment frequency type.
  The configuration for payment processing is incomplete or incorrect.
  The payment family is being used in a transaction or process that requires a payment frequency type, but it has not been set up properly.
  
  Solution:
  To resolve the error PSSC_NET062, you can follow these steps:
  
  
  Check Payment Family Configuration:
  
  Go to the configuration settings for payment families in SAP. This can typically be found in the Financial Accounting (FI) module under the payment processing settings.
  Ensure that the payment family in question has a payment frequency type assigned to it.
  
  
  
  Assign Payment Frequency Type:
  
  If the payment frequency type is not assigned, you will need to assign it. This can usually be done in the configuration settings where you define payment families.
  Navigate to the relevant configuration path, which may look something like this:
  
  SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Payment Transactions > Define Payment Methods for Country > Assign Payment Frequency Types.
  
  
  Here, you can assign the appropriate payment frequency type to the payment family.
  
  
  
  Review Payment Method Configuration:
  
  Ensure that the payment method being used is correctly configured and linked to the payment family with the appropriate frequency type.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the payment process again to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct payment frequency types or payment families, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Payment Frequency Types: These define how often payments are made (e.g., weekly, monthly, quarterly).
  Payment Families: These are groupings of payment methods that share common characteristics.
  Transaction Codes: You may need to use transaction codes like OBPM1 (for payment methods) or OBVCU (for configuration) to access the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues or provide additional guidance related to payment processing errors.
  
  By following these steps, you should be able to resolve the error message PSSC_NET062 and ensure that your payment processing configuration is complete and functional.