No VAT registration number; check global param. for company code &2

What causes this issue?

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

System Response

How to fix this error?

Maintain a VAT registration number in Customizing for <ZK>Financial
IF &[SWITCH]S4H_DOCU_ON_PREMISE& = 'X'.
Accounting</> under <ZK>Financial Accounting Global Settings
ELSE.
IF &[SWITCH]S4H_DOCU_CLOUD& = 'X'.
Accounting</> under <ZK>Financial Accounting Global Settings
ELSE.
Accounting (New)</> under <ZK>Financial Accounting Global Settings (New)
ENDIF.
ENDIF.
-> Global Parameters for Company Code -> Enter Global Parameters</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.