How To Fix FI_E241 - No Accelerated Pay payment term has been maintained

FI_E241 - Overview

• Message type: E = Error

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

• Message number: 241

• Message text: No Accelerated Pay payment term has been maintained

<DS:SIMG.SIMG_PSFMG_OF23N>&CAUSE&</>
You have the Prompt Payment Act (PPA) feature active in your company
code.
This vendor invoice is eligible for Accelerated Pay, but an Accelerated
Pay payment term has not been maintained in the Customizing table for
Fast Pay/Accelerated Pay payment terms.

System Response

The PPA function does not allow you to post this invoice.

How to fix this error?

Add an Accelerated Pay payment term in
<DS:SIMG.SIMG_PSFMG_OF23N>Maintain Payment Terms for Fast
Pay/Accelerated Pay</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

FI_E241 - Details

• The SAP error message FI_E241 ("No Accelerated Pay payment term has been maintained") typically occurs in the context of financial transactions, particularly when dealing with payment processing in the SAP system. This error indicates that the system is unable to find a valid payment term for accelerated payments, which are often used to expedite payment processing for certain vendors or invoices.
  
  Cause:
  
  Missing Payment Terms: The most common cause of this error is that the payment terms for accelerated payments have not been defined in the system.
  
  Configuration Issues: The payment terms may not be properly configured in the system settings, or the specific payment term may not be assigned to the vendor or invoice.
  Vendor Master Data: The vendor master record may not have the appropriate payment terms assigned.
  Transaction Type: The transaction being processed may require specific payment terms that are not set up in the system.
  
  
  Solution:
  To resolve the FI_E241 error, you can