How To Fix >U704 - Selection of payment method not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: >U -

• Message number: 704

• Message text: Selection of payment method not possible

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >U704 - Selection of payment method not possible ?

  The SAP error message "U704 Selection of payment method not possible" typically occurs when there is an issue with the configuration or selection of payment methods in the system. This error can arise in various scenarios, such as during the processing of invoices, payments, or when trying to execute payment runs.
  Causes:
  
  
  Missing Configuration: The payment method may not be configured correctly in the system. This includes settings in the payment method configuration (transaction code OBPM1) or in the company code settings (transaction code OBY6).
  
  
  Invalid Payment Method: The payment method being selected may not be valid for the specific transaction or document type.
  
  
  Payment Method Not Allowed: The payment method may not be allowed for the vendor or customer in question. This can be due to settings in the vendor or customer master data.
  
  
  Document Type Restrictions: Certain document types may have restrictions on which payment methods can be used.
  
  
  Missing Bank Details: If the payment method requires specific bank details (like bank account information) and these are missing or incorrect, the system may not allow the selection.
  
  
  Country-Specific Restrictions: Some payment methods may be restricted based on the country settings in the system.
  
  
  Solutions:
  
  
  Check Payment Method Configuration: Go to transaction code OBPM1 and verify that the payment method is correctly configured for the relevant company code and payment type.
  
  
  Review Vendor/Customer Master Data: Check the vendor or customer master data (transaction codes XK03 for vendors and FD03 for customers) to ensure that the payment method is allowed for the specific vendor or customer.
  
  
  Validate Document Type Settings: Ensure that the document type being used allows for the selected payment method. This can be checked in the configuration settings for the document type.
  
  
  Ensure Bank Details are Complete: Verify that all necessary bank details are entered correctly in the vendor or customer master data.
  
  
  Check Country-Specific Settings: If applicable, review any country-specific settings that may restrict the use of certain payment methods.
  
  
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional guidance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (Payment Method Configuration), OBY6 (Company Code Settings), XK03 (Display Vendor), and FD03 (Display Customer).
  SAP Documentation: Refer to SAP Help documentation for detailed information on payment methods and their configuration.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify payment method settings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial processes within SAP.