How To Fix EPS512 - Enter a new payment period

SAP Error Message - Details

• Message type: E = Error

• Message class: EPS - Payment Scheme

• Message number: 512

• Message text: Enter a new payment period

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message EPS512 - Enter a new payment period ?

  The SAP error message EPS512 "Enter a new payment period" typically occurs in the context of financial transactions, particularly when dealing with payment processing or invoice management. This error indicates that the system requires a valid payment period to be specified, which is often linked to the payment terms or the fiscal calendar settings in the system.
  Cause:
  
  Missing Payment Period: The payment period has not been defined or is missing in the transaction you are trying to process.
  Incorrect Configuration: The payment terms or the configuration of the payment periods in the system may not be set up correctly.
  Fiscal Year Settings: The fiscal year settings may not align with the payment periods, leading to discrepancies.
  Data Entry Error: There may be a simple data entry error where the payment period was not entered or was entered incorrectly.
  
  Solution:
  
  Check Payment Terms: Review the payment terms associated with the transaction. Ensure that they are correctly defined and that a valid payment period is specified.
  Define Payment Periods: If payment periods are not defined, you may need to create or adjust them in the configuration settings. This can typically be done in the SAP Customizing Implementation Guide (IMG) under Financial Accounting settings.
  Review Fiscal Year Settings: Ensure that the fiscal year settings in the system are correctly configured and that they align with the payment periods you are trying to use.
  Data Entry: Double-check the data entry for the transaction. Make sure that all required fields, including the payment period, are filled out correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on configuring payment periods and terms.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBB8 (for defining payment terms) or OB29 (for defining fiscal year variants) to access the relevant configuration settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary permissions to make changes to payment terms and periods in the system.
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.