No billing document type is assigned to this scenario; see long text

What causes this issue?

There is no billing document type assigned to the following scenario:
Settlement category &V1&
Company code &V2&
Sales organization &V3&
Purchasing organization &V4&

System Response

The system cannot create an Agency Business Document (ABD) for this
scenario since there is no corresponding billing document type assigned.

How to fix this error?

To create an Agency Business Document (ABD) for this scenario, assign a
new billing document type to this scenario in Customizing.

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.