How To Fix F4701 - Preparatory settings for credit management not maintained

F4701 - Overview

• Message type: E = Error

• Message class: F4 - Line items/balances/configuration

• Message number: 701

• Message text: Preparatory settings for credit management not maintained

What causes this issue?

You have not defined your preliminary settings for credit management.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Carry out the appropriate settings in Customizing. To do so, in
Customizing for Financial Accounting, choose Accounts Receivable and
Accounts Payable -> Credit Management -> Credit Control Account ->
<DS:SIMG.SIMG_CFORFBT000CM>Define preliminary settings for credit
management</>.

Error message extract from SAP system. Copyright SAP SE.

F4701 - Details

• The SAP error message F4701, which states "Preparatory settings for credit management not maintained," typically occurs when the system is unable to find the necessary configuration settings for credit management in the SAP system. This can happen in various scenarios, such as when trying to process a sales order, create a customer, or perform other financial transactions that involve credit checks.
  
  Cause:
  The error is usually caused by one or more of the following reasons:
  
  Missing Configuration: The credit management settings have not been properly configured in the system.
  Inconsistent Data: There may be inconsistencies in the data related to credit management, such as missing credit control area assignments.
  Incorrect Master Data: The customer master data may not have the necessary credit management information filled out.
  Authorization Issues: The user may not have the necessary authorizations to access or modify credit management settings.
  
  
  Solution:
  To resolve the F4701 error, you can follow these steps:
  
  
  Check Credit Management Configuration:
  
  Go to