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

FICUSTOM126 - Overview

• 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.

FICUSTOM126 - Details

• 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