How To Fix FI_E248 - PCARD basis points are greater than CVFR. Payment term changed to &1

FI_E248 - Overview

• Message type: E = Error

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

• Message number: 248

• Message text: PCARD basis points are greater than CVFR. Payment term changed to &1

What causes this issue?

You have the Prompt Payment Act (PPA) function active for your company
code.
The basis points offered by the purchase card issuer are greater than
the daily basis points of the Current Value of Funds (CVFR) rate. Saving
will be maximized by paying at the earliest date. The payment term has
automatically been converted to the configured "Accelerated Pay" payment
term.

System Response

The system automatically changes the payment term to the configured
Accelerated Pay payment term.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FI_E248 - Details

• The SAP error message FI_E248 indicates that there is an issue with the payment terms related to a procurement card (PCARD) transaction. Specifically, it states that the basis points for the PCARD are greater than the CVFR (Cash Value for Rebate) value, which leads to the system changing the payment term to a different value (indicated by &1).
  
  Cause:
  
  Basis Points Calculation: The basis points for the PCARD may have been set too high compared to the CVFR. This can happen due to incorrect configuration or data entry.
  
  Configuration Issues: The payment terms or rebate agreements may not be properly configured in the system, leading to discrepancies.
  Data Entry Errors: Incorrect values may have been entered in the master data or transaction data related to the PCARD or payment terms.
  
  
  Solution:
  
  
  Review Configuration: Check the configuration settings for payment terms and PCARD in the SAP system. Ensure that the basis points and CVFR values are set