How To Fix REXAFC016 - Paying company code cannot be determined for partner &1

REXAFC016 - Overview

• Message type: E = Error

• Message class: REXAFC - FI-CA: Messages for RE-FX Interface

• Message number: 016

• Message text: Paying company code cannot be determined for partner &1

What causes this issue?

In order to check the payment data, the system needs the paying company
code. The paying company code cannot be determined at the moment. One
reason could be that a contract account was not yet assigned to a
partner, who is assigned to the posting term. Another reason could be
that the contract account was not yet created.

System Response

A check of the payment data is currently not possible.

How to fix this error?

Enter the missing data. If the contract account is created
automatically, this message should no longer appear once the contract is
saved or activated.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

REXAFC016 - Details

• The SAP error message REXAFC016, which states "Paying company code cannot be determined for partner &1," typically occurs in the context of financial transactions, particularly when dealing with accounts payable or receivable. This error indicates that the system is unable to identify the appropriate paying company code for a specified partner (vendor or customer).
  Causes:
  
  
  Missing Configuration: The paying company code may not be properly configured in the system for the specified partner. This can happen if the vendor or customer master data is incomplete or incorrectly set up.
  
  
  Incorrect Partner Role: The partner may not have the correct role assigned in the system. For example, if a vendor is expected to be a customer as well, the roles must be correctly defined.
  
  
  Data Inconsistencies: There may be inconsistencies in the master data, such as missing entries in the vendor or customer records.
  
  
  Company Code Assignment: The partner may not be assigned to the correct