Account number for transaction type Vendor cash discount does not exist' error while trying to post a payment journal in D365 Finance & Operations

I was getting the below error while trying to post a payment journal in Accounts Payable.

Account number for transaction type Vendor cash discount does not exist.

Reason: 

In my case, the payment is $4,500 and the marked invoices are $5000 which is more than my payment.

Due to that I was getting the error.

Solution:

Mark the invoices with $4,500 and post the payment journal.

 or 

Post the payment journal and later settle the invoice with payment.

@Rahul Talasila