How To Fix PZ424 - > Pmnt method determin: G/L acct &: no pmnt method defined

SAP Error Message - Details

• Message type: E = Error

• Message class: PZ - Messages: Payment program for payment requests

• Message number: 424

• Message text: > Pmnt method determin: G/L acct &: no pmnt method defined

What causes this issue?

Payment methods must be defined in the payment request for G/L account
postings. The item is not processed further in this payment run.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PZ424 - > Pmnt method determin: G/L acct &: no pmnt method defined ?

  The SAP error message PZ424 indicates that there is an issue with the payment method determination for a specific General Ledger (G/L) account. The message states that no payment method is defined for the G/L account in question. This typically occurs during the payment processing or when trying to execute a payment run.
  Cause:
  
  Missing Payment Method Configuration: The G/L account referenced in the error does not have a payment method assigned in the configuration settings.
  Incorrect Account Assignment: The payment method may not be correctly assigned to the vendor or customer master data.
  Payment Method Not Defined for Company Code: The payment method may not be defined for the specific company code associated with the G/L account.
  Inconsistent Data: There may be inconsistencies in the configuration or master data that prevent the system from determining the correct payment method.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Payment Method Configuration:
  
  Go to the transaction code OBPM1 (for payment method configuration).
  Ensure that the payment method is defined for the relevant company code and G/L account.
  
  
  
  Assign Payment Method to G/L Account:
  
  Navigate to the transaction code OBVCU (for payment method determination).
  Check if the payment method is assigned to the G/L account in question. If not, you will need to assign it.
  
  
  
  Review Vendor/Customer Master Data:
  
  Use transaction codes XK03 (for vendors) or FD03 (for customers) to check the master data.
  Ensure that the payment method is correctly assigned in the master data for the vendor or customer.
  
  
  
  Check Payment Method for Company Code:
  
  Ensure that the payment method is valid for the specific company code you are working with. You can check this in the configuration settings.
  
  
  
  Test Payment Method Determination:
  
  After making the necessary changes, perform a test payment run to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBPM1: Payment method configuration.
  OBVCU: Payment method determination.
  XK03: Display vendor master data.
  FD03: Display customer master data.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring payment methods and troubleshooting payment processing issues.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to payment method determination.
  
  
  By following these steps, you should be able to identify and resolve the cause of the PZ424 error message in SAP.