How To Fix 1FA307 - The account &1 does not have an active term agreement

SAP Error Message - Details

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 307

• Message text: The account &1 does not have an active term agreement

What causes this issue?

Check the status of the term agreement on the account. The posting is
not possible unless there is an active term agreement for the posting
date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1FA307 - The account &1 does not have an active term agreement ?

  The SAP error message 1FA307 indicates that the account specified does not have an active term agreement. This typically occurs in the context of financial transactions, particularly in modules related to accounts receivable or accounts payable, where term agreements define the payment terms for customers or vendors.
  Cause:
  
  Inactive Term Agreement: The term agreement for the specified account is either inactive or has not been set up correctly.
  Account Configuration: The account may not be properly configured in the system to have a term agreement.
  Data Entry Error: There may be a mistake in the account number or other related data that is causing the system to not find the correct term agreement.
  Missing Master Data: The necessary master data for the account may be incomplete or missing.
  
  Solution:
  
  
  Check Term Agreement Status:
  
  Navigate to the relevant transaction in SAP (e.g., transaction code OBB8 for payment terms) and verify if the term agreement for the account is active.
  If it is inactive, you may need to activate it or create a new term agreement.
  
  
  
  Review Account Configuration:
  
  Ensure that the account in question is correctly set up in the system. Check the customer or vendor master data to confirm that the term agreement is assigned.
  
  
  
  Correct Data Entry:
  
  Double-check the account number and any other related fields for typos or incorrect entries.
  
  
  
  Create or Update Master Data:
  
  If the term agreement does not exist, you may need to create it. This can typically be done through the relevant master data transaction (e.g., XD01 for customers or XD02 for updating).
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific steps related to your version of SAP, as the process may vary slightly depending on the configuration.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FD32 (Customer Credit Management), FK02 (Vendor Master Data), and OBB8 (Payment Terms).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Permissions: Ensure that you have the necessary permissions to view and modify term agreements and account settings.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.