How To Fix FAR_MSG007 - credit limit is zero

SAP Error Message - Details

• Message type: E = Error

• Message class: FAR_MSG - message class for mycash ar

• Message number: 007

• Message text: credit limit is zero

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAR_MSG007 - credit limit is zero ?

  The SAP error message FAR_MSG007, which indicates that the credit limit is zero, typically arises in the context of financial transactions, particularly when dealing with accounts receivable or credit management. This error suggests that the system has determined that the customer or business partner has no available credit limit, which prevents further transactions from being processed.
  Cause:
  
  Customer Credit Limit Set to Zero: The most common cause is that the credit limit for the customer or business partner has been explicitly set to zero in the system.
  Credit Management Settings: The credit management settings may not be configured correctly, leading to a situation where the system does not recognize any available credit.
  Credit Exposure Exceeds Limit: If the customer has outstanding invoices or other obligations that exceed their credit limit, the system may interpret this as a zero credit limit.
  Master Data Issues: There may be issues with the customer master data, such as missing or incorrect information that affects credit limit calculations.
  
  Solution:
  
  Review Customer Credit Limit: Check the customer master data in the SAP system to verify the credit limit settings. If it is set to zero, update it to an appropriate value.
  
  Transaction Code: FD32 (Change Customer Credit Management)
  
  
  Adjust Credit Management Settings: Ensure that the credit management settings are correctly configured. This may involve reviewing the credit control area and related settings.
  Check Credit Exposure: Review the customer’s current credit exposure to ensure it does not exceed the limit. If it does, consider adjusting the limit or collecting outstanding payments.
  Update Master Data: Ensure that all relevant master data for the customer is complete and accurate. This includes payment terms, credit terms, and any other relevant financial information.
  Consult with Finance Team: If you are unsure about the appropriate credit limit or how to adjust it, consult with your finance or credit management team for guidance.
  
  Related Information:
  
  Credit Management in SAP: SAP provides tools for managing customer credit limits, including credit checks during sales order processing and invoice creation.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FD32 (Change Customer Credit Management), FD33 (Display Customer Credit Management), and FD30 (Create Customer Credit Management).
  Documentation: Refer to SAP documentation or help resources for detailed guidance on credit management processes and settings.
  
  By addressing the underlying causes and following the suggested solutions, you should be able to resolve the FAR_MSG007 error and proceed with the necessary transactions.