Profit center in business partner item &1 is not allowed

What causes this issue?

Profit center &V2& was entered as an account assignment in business
partner item &V1&. However, the company-code-specific settings for
Contract Accounts Receivable and Payable do not allow account assignment
to a profit center.

System Response

Error message; the document cannot be posted.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Change the settings for the company code &V3&. If the settings are
already correct, then the error is due to a programming error.
INCLUDE FICA_NA_OSS OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.