How To Fix FICUSTOM126 - Basis points evaluation not performed; Configure vendor basis points

SAP Error Message - Details

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 126

• Message text: Basis points evaluation not performed; Configure vendor basis points

What causes this issue?

You have the Prompt Payment Act function active for your company code.
The purchase card basis points have not been configured for vendor &V1&.

System Response

If this message has been configured as an error message, further
processing will not occur until the purchase card basis points have been
configured. For all other message types, processing will continue
without comparing the purchase card basis points and the Current Value
of Funds rate (CVFR).

How to fix this error?

Configure the purchase cards for the vendor &V1& in the vendor master.

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 FICUSTOM126 - Basis points evaluation not performed; Configure vendor basis points ?

  The SAP error message FICUSTOM126 indicates that the system has not performed the basis points evaluation for a vendor, and it suggests that you need to configure the vendor basis points. This error typically arises in the context of financial transactions, particularly in the area of vendor payments or financial accounting.
  Cause:
  The error occurs when:
  
  The vendor has not been configured with the necessary basis points settings in the system.
  The system is attempting to process a transaction that requires basis points evaluation, but the configuration is missing or incomplete.
  There may be a lack of necessary authorizations or settings in the financial configuration.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Vendor Configuration:
  
  Go to the vendor master data in SAP (transaction code XK02 for general data or FK02 for company code data).
  Ensure that the vendor is set up correctly with the necessary financial information, including basis points.
  
  
  
  Configure Basis Points:
  
  Navigate to the configuration settings for basis points. This can typically be found in the Financial Accounting (FI) module.
  Use transaction code SPRO to access the SAP Reference IMG.
  Follow the path: Financial Accounting (New) > Accounts Payable > Vendor Account > Define Basis Points for Vendors.
  Here, you can define the basis points for the vendor. Make sure to enter the correct values and save your changes.
  
  
  
  Check for Missing Authorizations:
  
  Ensure that the user has the necessary authorizations to perform the basis points evaluation. This may involve checking roles and permissions in the user profile.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the basis points evaluation is now being performed correctly.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Basis Points: Basis points are a unit of measure used in finance to describe the percentage change in value or interest rates. One basis point is equal to 1/100th of a percentage point.
  Vendor Master Data: This is crucial for managing vendor relationships and ensuring accurate financial transactions.
  SAP Transactions: Familiarize yourself with relevant transaction codes such as XK01 (Create Vendor), XK02 (Change Vendor), and FK01 (Create Vendor in Company Code).
  
  By following these steps, you should be able to resolve the FICUSTOM126 error and ensure that the basis points evaluation is correctly configured for your vendors.