How To Fix FB524 - Enter either key date for days in arrears or standard

SAP Error Message - Details

• Message type: E = Error

• Message class: FB - Batch Programs

• Message number: 524

• Message text: Enter either key date for days in arrears or standard

What causes this issue?

You have choosen at least one of the four possible due date sorted
lists. A key date for due dates is needed for the calculation of the
days to include them into the sorted lists. However, you have not
explicitly entered a key date for due dates nor have you chosen a
standard key date for due dates.

System Response

Cancellation of processing.

How to fix this error?

Please check your entry.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FB524 - Enter either key date for days in arrears or standard ?

  The SAP error message FB524, which states "Enter either key date for days in arrears or standard," typically occurs in the context of financial transactions, particularly when dealing with payment processing or accounts receivable. This error indicates that the system requires a key date to calculate days in arrears or a standard date for processing the transaction.
  Cause:
  
  Missing Key Date: The key date for days in arrears is not provided in the transaction. This date is necessary for the system to determine how many days a payment is overdue.
  Incorrect Configuration: The system may not be configured correctly to handle the payment terms or the specific transaction type.
  Data Entry Error: The user may have overlooked entering the required date fields during the transaction entry.
  
  Solution:
  
  Enter Key Date: When prompted with the error, ensure that you enter a valid key date for days in arrears. This date should reflect the date from which you want to calculate the overdue days.
  Use Standard Date: Alternatively, if applicable, you can enter a standard date that the system can use for processing.
  Check Configuration: If the error persists, check the configuration settings related to payment terms and accounts receivable in the SAP system. Ensure that all necessary fields are correctly set up.
  Review Transaction Data: Double-check the data you are entering for any missing or incorrect information that might be causing the error.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the transaction you are working with.
  
  Related Information:
  
  Transaction Codes: This error may occur in various transaction codes related to financial postings, such as FB60 (Enter Incoming Invoice), FB70 (Enter Outgoing Invoice), or F-28 (Post Incoming Payments).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Permissions: Ensure that the user has the necessary permissions to enter the required data in the transaction.
  Training: If users frequently encounter this error, consider providing additional training on the relevant transaction processes and data entry requirements.
  
  If the issue continues after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.