How To Fix 1FA462 - The terms entered are incorrect

SAP Error Message - Details

• 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 payment terms in the SAP system. This can be done through transaction codes like OBB8 (for payment terms) to ensure they are set up correctly.
  Review Master Data: Look at the vendor or customer master data to ensure that the correct payment terms are assigned. You can use transaction codes like XK03 (for vendor) or FD03 (for customer) to check this.
  Correct Data Entry: If there are any typographical errors, correct them and try the transaction again.
  Consult Documentation: If you are unsure about the payment terms, refer to the SAP documentation or consult with your SAP administrator or support team for guidance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBB8: Maintain Payment Terms
  XK03: Display Vendor
  FD03: Display Customer
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional troubleshooting steps or patches.
  User Permissions: Ensure that you have the necessary permissions to view and modify payment terms and master data.
  
  If the issue persists after trying the above solutions, it may be beneficial to escalate the matter to your SAP support team for further investigation.