How To Fix ERW015 - Payment condition &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: ERW - Contract Accounts A/R and A/P: SD -> FI-CA interface

• Message number: 015

• Message text: Payment condition &1 does not exist

What causes this issue?

Payment term &V1& does not exist.
INCLUDE FICA_NA_CUST OBJECT DOKU ID TX

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message ERW015 - Payment condition &1 does not exist ?

  The SAP error message ERW015 indicates that a payment condition specified in a transaction does not exist in the system. This error typically arises during the processing of invoices, payments, or other financial transactions where payment terms are defined.
  Cause:
  
  Missing Payment Condition: The payment condition specified in the transaction is not defined in the system.
  Incorrect Configuration: The payment condition may have been incorrectly configured or deleted in the system.
  Typographical Error: There may be a typographical error in the payment condition code entered in the transaction.
  Data Migration Issues: If data was migrated from another system, the payment conditions may not have been properly transferred or set up.
  
  Solution:
  
  
  Check Payment Condition Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Transactions > Incoming Invoices > Define Payment Terms.
  Verify if the payment condition in question exists. If it does not, you may need to create it.
  
  
  
  Create or Modify Payment Condition:
  
  If the payment condition does not exist, you can create a new one by clicking on the "New Entries" button and filling in the required details.
  If it exists but is not configured correctly, you can modify it as needed.
  
  
  
  Check for Typographical Errors:
  
  Review the transaction where the error occurred and ensure that the payment condition code is entered correctly.
  
  
  
  Consult with Functional Team:
  
  If you are unsure about the payment conditions or their configurations, consult with your SAP functional team or a consultant who specializes in SAP Financials.
  
  
  
  Testing:
  
  After making changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  SPRO for configuration settings.
  FB60 for entering vendor invoices.
  F-28 for processing incoming payments.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on payment terms and conditions.
  
  
  User Roles: Ensure that you have the necessary authorizations to view and modify payment conditions in the system.
  
  
  By following these steps, you should be able to resolve the ERW015 error and ensure that the payment conditions are correctly set up in your SAP system.