1K006 - Payment method &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: 1K - BCA: Account Type

• Message number: 006

• Message text: Payment method &1 does not exist

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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AnswerBot

• What is the cause and solution for SAP error message 1K006 - Payment method &1 does not exist ?

  The SAP error message 1K006 indicates that the payment method specified in the transaction does not exist in the system. This error typically occurs when trying to process a payment or create a payment document, and the system cannot find the specified payment method.
  Cause:
  
  Incorrect Payment Method: The payment method entered in the transaction is not defined in the system.
  Configuration Issues: The payment method may not be configured correctly in the relevant company code or payment area.
  Missing Master Data: The payment method may not be assigned to the relevant vendor or customer master data.
  Transport Issues: If the payment method was recently created or modified, it may not have been transported correctly to the system.
  
  Solution:
  
  
  Check Payment Method Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Accounts Receivable and Accounts Payable > Payment Transactions > Define Payment Methods for Company Code.
  Ensure that the payment method you are trying to use is defined for the relevant company code.
  
  
  
  Verify Payment Method Assignment:
  
  Check if the payment method is assigned to the vendor or customer master data.
  Use transaction codes FK03 (for vendor) or FD03 (for customer) to view the master data and ensure the payment method is listed.
  
  
  
  Check for Typographical Errors:
  
  Ensure that there are no typographical errors in the payment method code entered in the transaction.
  
  
  
  Review Transport Requests:
  
  If the payment method was recently created or modified, ensure that the transport requests have been properly executed and that the changes are reflected in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the payment method configuration, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  SPRO: Access to configuration settings.
  FK03: Display vendor master data.
  FD03: Display customer master data.
  
  
  Payment Methods: Payment methods can vary based on the country and company code, so ensure that you are using the correct method for your specific scenario.
  SAP Notes: Check SAP Notes for any known issues or updates related to payment methods and error messages.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or functional consultant for further assistance.