How To Fix 06262 - Enter terms of payment for supplier

06262 - Overview

• Message type: E = Error

• Message class: 06 -

• Message number: 262

• Message text: Enter terms of payment for supplier

What causes this issue?

You have either not entered any terms of payment or entered terms of
payment that are not valid for the supplier.

How to fix this error?

Enter terms of payment that are valid for the supplier.
If you are not familiar with the possible terms of payment, use the
"Possible entries" help facility.

Error message extract from SAP system. Copyright SAP SE.

06262 - Details

• The SAP error message "06262 Enter terms of payment for supplier" typically occurs when you are trying to create or modify a vendor (supplier) master record, and the system requires you to specify the terms of payment for that supplier. This is a common requirement in SAP to ensure that payment conditions are clearly defined for each vendor.
  
  Cause:
  The error arises because:
  
  The terms of payment field is mandatory and has not been filled in.
  The vendor master record is incomplete, and the system requires additional information to proceed.
  The terms of payment may not be defined in the system for the specific vendor or purchasing organization.
  
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Access Vendor Master Record:
  
  Go to the transaction code XK02 (Change Vendor) or MK02 (Change Vendor for Purchasing) depending on your needs.
  
  
  
  Enter Vendor Information:
  
  Input the vendor number and the relevant purchasing organization.
  
  
  
  Navigate to Payment Transactions:
  
  Go to the "Payment Transactions" tab or