Customer &1 does not exist in any of the dunned company codes

What causes this issue?

Account &v1& does not exist in any of the company codes selected in
payment run &v2& &v3&.

System Response

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

How to fix this error?

Use the <ls>Individual Dunning Notice</> function of the dunning program
to see if this account can be dunned. Start the <ls>Test run with log</>
.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.