How To Fix TM304 - Specify a period type for each step in the payment process

SAP Error Message - Details

• Message type: E = Error

• Message class: TM - Messages for FIMA

• Message number: 304

• Message text: Specify a period type for each step in the payment process

Self-Explanatory Message

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• What is the cause and solution for SAP error message TM304 - Specify a period type for each step in the payment process ?

  The SAP error message TM304, "Specify a period type for each step in the payment process," typically occurs in the context of Treasury and Risk Management (TRM) when configuring payment processes. This error indicates that the system requires a period type to be defined for each step in the payment process, which is essential for the correct execution of payment transactions.
  
  Cause:
  The error arises when:
  
  The payment process configuration is incomplete, specifically lacking the definition of period types for the various steps involved in the payment process.
  The configuration settings in the Treasury module do not align with the requirements for processing payments.
  
  
  Solution:
  To resolve the TM304 error, follow these steps:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen and navigate to the configuration settings for Treasury and Risk Management.
  This can typically be found under the path: SPRO -> Financial Supply Chain Management -> Treasury and Risk Management -> Payment Transactions -> Define