Dunning procedure cannot be determined for & & & & (posting area V202)

What causes this issue?

No dunning procedure is defined in the Implementation Guide for the
combination of dunning variant, company code, product group and main
and subtransaction.

System Response

The item can not be dunned. ,,

How to fix this error?

Check and change the settings for determining dunning procedures. In
the IMG, choose <ZK>Collections/Disbursements</> -> <ZK>Business
Transactions</> -> <ZK>Dunning Notices</> -> <ZK>Define Dunning
Procedure</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.