Payment with currency &1, payment method &2: No valid payment procedure

What causes this issue?

The payment program could not find a combination of payment method and
house bank account with which the payment can be carried out.

System Response

No payment is generated.

How to fix this error?

In order to find out which combination of payment methods and house
bank accounts were checked and subsequently not used, repeat the
proposal run and activate the <ZH>additional log</> for payment method
selection for the account affected.

Error message extract from SAP system. Copyright SAP SE.