Error: Verify that the field WHATPAYINGFOR is present in the batch template and that the value for the field is valid - when downloading a membership transaction

When trying to download a Membership Transaction the transaction fails with the following error:

 

The error was:

Unable to save batch row 1.  Verify that the field WHATPAYINGFOR is present in the batch template and that the value for the field is valid.

Download and install the latest patch which contains all fixes from previous patches. If you are running an older version, download and install the latest version and then the patch.

Environment

 Blackbaud CRM
 4.0
 4.0
 Service Pack 4
 3.0.516 Patch 59

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