How To Fix WP734 - Payment type & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: WP - Messages from POS interface

• Message number: 734

• Message text: Payment type & does not exist

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message WP734 - Payment type & does not exist ?

  The SAP error message WP734: Payment type & does not exist typically occurs in the context of payment processing, such as during automatic payment runs or manual payment transactions.
  
  Cause:
  
  The payment type specified in the transaction or configuration does not exist in the system.
  This can happen if the payment method (payment type) is not defined or maintained in the relevant customizing settings.
  It may also occur if the payment type is incorrectly entered or if the configuration for the company code or country is missing or incomplete.
  
  
  Where it occurs:
  
  During automatic payment program runs (transaction F110).
  When posting payments manually or processing payment documents.
  In customizing settings related to payment methods.
  
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to SPRO ? Financial Accounting (FI) ? Accounts Receivable and Accounts Payable ? Business Transactions ? Outgoing Payments ? Payment Methods/Bank Selection.
  Verify that the payment method (payment type) exists for the relevant company code and country.
  If missing, create or maintain the payment method accordingly.
  
  
  
  Verify Payment Method Assignment:
  
  Ensure that the payment method is assigned correctly to the customer/vendor master data.
  Check the customer/vendor master record (transaction FD02 for customers, FK02 for vendors) under the payment transactions tab.
  
  
  
  Check Payment Program Configuration:
  
  In transaction F110, verify that the payment method used in the parameters is valid and maintained.
  Check the payment method settings in the payment program customizing.
  
  
  
  Correct the Payment Type Entry:
  
  If the payment type is manually entered, ensure it is typed correctly and matches the configured payment methods.
  
  
  
  
  Additional Information:
  
  The placeholder "&" in the message will be replaced by the actual payment type code that is missing.
  Payment types are country-specific and company code-specific; ensure you are checking the correct combination.
  Sometimes, this error can also occur if the payment method is not maintained for the bank or house bank involved.
  
  
  Summary:
  
  
  
  Aspect
  Details
  
  
  
  
  Error Message
  WP734 Payment type & does not exist
  
  
  Cause
  Payment type (payment method) not defined or incorrectly maintained in customizing
  
  
  Solution
  Maintain payment method in SPRO, assign correctly to customer/vendor, verify F110 setup
  
  
  Transactions
  F110 (Payment Run), FD02/FK02 (Master Data), SPRO (Customization)
  
  
  
  
  If you need detailed steps on how to maintain payment methods or configure the payment program, please let me know!