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

>U704 - Overview

• Message type: E = Error

• Message class: >U -

• Message number: 704

• Message text: Selection of payment method not possible

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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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