How To Fix FI_E286 - Accelerated pay criteria has been met but a payment term does not exist

FI_E286 - Overview

• Message type: E = Error

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

• Message number: 286

• Message text: Accelerated pay criteria has been met but a payment term does not exist

What causes this issue?

The invoice could be an accelerated pay invoice, but you did not
configure accelerated payment terms.

System Response

The system will not allow the invoice to be posted.

How to fix this error?

Maintain the accelerated payment terms.

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_E286 - Details

• The SAP error message FI_E286 indicates that the accelerated payment criteria have been met for a transaction, but there is no corresponding payment term defined in the system. This typically occurs in the context of accounts payable or accounts receivable when processing invoices or payments.
  
  Cause:
  
  Missing Payment Term: The most common cause is that the vendor or customer master record does not have a payment term assigned.
  Incorrect Configuration: The payment terms may not be properly configured in the system, or the specific payment term required for the transaction does not exist.
  Transaction Type: The transaction type being processed may not be compatible with the existing payment terms.
  Accelerated Payment Criteria: The criteria for accelerated payments have been met, but the system cannot find a valid payment term to apply.
  
  
  Solution:
  
  
  Check Vendor/Customer Master Data:
  
  Go to the vendor or customer master record and verify if a payment term is assigned.
  If not, assign a valid payment term