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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E286 - Accelerated pay criteria has been met but a payment term does not exist ?

  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 that meets the criteria for accelerated payments.
  
  
  
  Define Payment Terms:
  
  If the required payment term does not exist, you may need to create a new payment term in the system.
  Navigate to the configuration settings in SAP (Transaction code: OBB8) to define new payment terms.
  
  
  
  Review Transaction Details:
  
  Ensure that the transaction being processed is appropriate for the payment terms available.
  Check if there are any specific conditions or settings that might affect the payment term assignment.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations related to accelerated payments and payment terms.
  
  
  
  Testing:
  
  After making changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBB8: Define Payment Terms
  XK02: Change Vendor Master Data
  XD02: Change Customer Master Data
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Roles: Ensure that the user has the necessary permissions to make changes to vendor/customer master data and payment terms.
  
  By following these steps, you should be able to resolve the FI_E286 error and ensure that the appropriate payment terms are in place for your transactions.