How To Fix FI_E103 - Payment late by &1 days. A penalty will be calculated.

SAP Error Message - Details

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 103

• Message text: Payment late by &1 days. A penalty will be calculated.

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E103 - Payment late by &1 days. A penalty will be calculated. ?

  The SAP error message FI_E103 indicates that a payment has been made late, and as a result, a penalty will be calculated. This message is typically related to financial transactions, particularly in the context of accounts payable and receivable.
  Cause:
  
  Late Payment: The primary cause of this error is that a payment due date has passed, and the payment has not been made within the agreed-upon terms.
  Payment Terms: The payment terms defined in the vendor or customer master data may not have been adhered to.
  System Configuration: There may be settings in the SAP system that automatically trigger penalties for late payments based on the payment terms.
  Document Status: The invoice or payment document may not have been processed correctly, leading to delays.
  
  Solution:
  
  Review Payment Terms: Check the payment terms associated with the vendor or customer. Ensure that they are correctly set up and that the payment was indeed late.
  Make Payment: If the payment is late, process the payment as soon as possible to minimize penalties.
  Adjust Payment Date: If the payment was made on time but recorded incorrectly, you may need to adjust the payment date in the system.
  Check for Exceptions: If there are valid reasons for the late payment (e.g., disputes, system errors), document these and communicate with the relevant parties to potentially waive the penalty.
  Consult with Finance Team: If you are unsure about the cause or how to resolve the issue, consult with your finance or accounting team for guidance.
  System Configuration Review: If this error occurs frequently, it may be worth reviewing the system configuration related to payment processing and penalties.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  Documentation: Review SAP documentation regarding payment processing, payment terms, and penalties to understand the underlying logic.
  Transaction Codes: Familiarize yourself with relevant transaction codes (e.g., F110 for automatic payment transactions) that may help in managing payments and resolving issues.
  User Roles: Ensure that users have the appropriate roles and authorizations to process payments and make adjustments as needed.
  
  By addressing the underlying causes and following the suggested solutions, you can effectively manage and resolve the FI_E103 error in SAP.