How To Fix FC260 - Do not enter any terms for holdback/retainage terms of payment

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 260

• Message text: Do not enter any terms for holdback/retainage terms of payment

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FC260 - Do not enter any terms for holdback/retainage terms of payment ?

  The SAP error message FC260, which states "Do not enter any terms for holdback/retainage terms of payment," typically occurs in the context of financial transactions, particularly when dealing with payment terms in accounts payable or receivable. This error indicates that the system does not allow the entry of holdback or retainage terms in the specified context.
  Cause:
  
  Configuration Settings: The error may arise due to specific configuration settings in the SAP system that restrict the use of holdback or retainage terms for certain types of transactions or vendors.
  Transaction Type: The transaction you are trying to process may not support holdback/retainage terms. For example, certain payment types or document types may not allow these terms.
  Vendor Master Data: The vendor master data may not be set up to accommodate holdback/retainage terms, leading to this error when attempting to enter them.
  
  Solution:
  
  
  Review Configuration: Check the configuration settings in the SAP system related to payment terms. Ensure that the settings allow for the use of holdback/retainage terms where necessary.
  
  Navigate to the configuration path: SPRO > Financial Accounting > Accounts Payable > Payment Transactions > Define Payment Terms.
  Ensure that the payment terms you are trying to use are correctly configured.
  
  
  
  Check Transaction Type: Verify that the transaction type you are using supports holdback/retainage terms. If it does not, you may need to adjust your transaction or use a different type that allows these terms.
  
  
  Vendor Master Data: Review the vendor master data to ensure that it is set up correctly. Check if there are any restrictions or settings that prevent the use of holdback/retainage terms.
  
  You can access vendor master data through transaction code XK03 (Display Vendor) and check the relevant fields.
  
  
  
  Consult Documentation: If you are unsure about the configuration or the specific requirements for holdback/retainage terms, consult the SAP documentation or reach out to your SAP support team for guidance.
  
  
  Testing: After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling holdback/retainage terms.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to enter payment terms. Sometimes, restrictions can be due to user role limitations.
  Training and Documentation: If this error is common in your organization, consider providing training or documentation to users to help them understand the limitations and proper procedures for entering payment terms.
  
  By following these steps, you should be able to identify the cause of the FC260 error and implement a solution to resolve it.