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Create Balance forward billing process ending in Warning

I'm running balance forward billing process for a customer which has BFB flag enabled at Account and Site level.

Billing level is set to Site and type is Detailed.

However, when I run the BFB process it ends in warning with below Error Message:

Error getting remit to address for customer site id: 300000xxxxxx for the billing date: 1980-12-31

Any clue why is this happening and what's the potential fix for this.

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