How To Fix FINLOC_JP_INVSUM017 - Enter valid payment term

SAP Error Message - Details

• Message type: E = Error

• Message class: FINLOC_JP_INVSUM -

• Message number: 017

• Message text: Enter valid payment term

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINLOC_JP_INVSUM017 - Enter valid payment term ?

  The SAP error message FINLOC_JP_INVSUM017 ("Enter valid payment term") typically occurs in the context of financial transactions, particularly when dealing with invoice processing or payment terms in the SAP system. This error indicates that the payment term entered is either invalid or not recognized by the system.
  Causes:
  
  Invalid Payment Term: The payment term entered does not exist in the system or is incorrectly formatted.
  Configuration Issues: The payment terms may not be properly configured in the system, or there may be missing entries in the relevant tables.
  User Input Error: The user may have mistyped the payment term or selected an incorrect one from the dropdown list.
  Master Data Issues: The vendor or customer master data may not have the appropriate payment terms assigned.
  
  Solutions:
  
  
  Check Payment Term: Verify that the payment term you are trying to enter is valid. You can do this by checking the configuration in the SAP system:
  
  Go to the transaction code OBB8 to view and manage payment terms.
  Ensure that the payment term exists and is active.
  
  
  
  Correct Input: If you suspect a user input error, double-check the payment term for any typos or formatting issues. Make sure to select from the available options in the dropdown list.
  
  
  Review Master Data: Check the vendor or customer master data to ensure that the correct payment terms are assigned:
  
  Use transaction codes XK03 (for vendors) or FD03 (for customers) to view the master data.
  If necessary, update the master data to include the correct payment terms.
  
  
  
  Consult Configuration: If you have access to configuration settings, review the payment terms configuration to ensure that all necessary entries are present and correctly set up.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or system administrator for further assistance. They may need to investigate system logs or configuration settings more deeply.
  
  
  Related Information:
  
  Payment Terms in SAP: Payment terms define the conditions under which payments are to be made. They can include details such as discounts for early payment, due dates, and other payment conditions.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBB8: Manage payment terms.
  XK03: Display vendor master data.
  FD03: Display customer master data.
  
  
  Documentation: Refer to SAP documentation or help files for more detailed information on payment terms and their configuration.
  
  By following these steps, you should be able to resolve the FINLOC_JP_INVSUM017 error and ensure that valid payment terms are being used in your transactions.