SAP Message >3261 - Payment medium ID &1 in company code &2, country &3 does not exist

Diagnosis
You tried to create form &V4& with an attached payment medium with IDV1. however, the specifications for company code v2 and the countryto which the company code is assigned have not been maintained for thisID.

System Response
Form &V4& was not created.

Procedure
Maintain the settings for the payment medium in Customizing.
If you do not need payment media in your system, you should deactivatethe PAYMO level in the application form.