Batch will not validate with error: missing field required designation

When attempting to validate a revenue batch that has a payment applied to a pledge you may receive a error: missing field required designation
Check to make sure that the batch template does not have designation as a required field
1.  Revenue//Batch Entry//Batch Template (left column)
2.  Find revenue batch in question (such as enhanced revenue batch)
3.  Edit batch template//select fields and defaults
4.  Select Designation-- Field defaults (make sure required isn't marked)

A pledge payment towards a pledge has a designation loaded by default and therefore does not require a designation to be selected in the batch, when you have this option marked however the batch will not validate with the error:missing field required (designation) error message.

Environment

 Blackbaud CRM
 3.0
 3.0.516.54

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