How To Fix 1FA462 - The terms entered are incorrect

1FA462 - Overview

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 462

• Message text: The terms entered are incorrect

What causes this issue?

The check run on the term dates is incorrect. Calculate the term dates
on the <LS>Term Control </>tab page by specifying the term start and
term duration, and then choosing <LS>Calculate Terms </>button to
calculate the term end. Alternatively, specify the term start and term
end, then use the <LS>Calculate Terms </>button to find out the term
duration.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1FA462 - The terms entered are incorrect ?

  The SAP error message 1FA462, which states "The terms entered are incorrect," typically occurs when there is an issue with the payment terms or conditions that have been entered in a transaction. This can happen in various contexts, such as during the creation of a purchase order, sales order, or invoice.
  Causes:
  
  Incorrect Payment Terms: The payment terms entered may not be valid or may not exist in the system.
  
  Configuration Issues: The payment terms may not be properly configured in the system, or there may be inconsistencies in the configuration.
  Missing Master Data: The vendor or customer master data may not have the correct payment terms assigned.
  Data Entry Errors: There may be typographical errors or incorrect codes entered in the payment terms field.
  
  Solutions:
  
  Verify Payment Terms: Check the payment terms entered in the transaction. Ensure that they are valid and exist in the system.
  Check Configuration: If you have access, review the configuration settings for