How To Fix TU261 - Cannot create payment schema for CA &1 because you entered coll. acct.

SAP Error Message - Details

• Message type: E = Error

• Message class: TU - Billing/Scheduling/Budget Billing

• Message number: 261

• Message text: Cannot create payment schema for CA &1 because you entered coll. acct.

What causes this issue?

Cannot create a payment schema for contract account &V1&, because you
have entered a collective bill account in the contract account.
Payment schemas are only possible for contract accounts with budget
billing procedure 04 (payment schema). They must not be linked to a
collective bill account.

System Response

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

How to fix this error?

Remove the link to the collective bill account.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.