How To Fix FINLOC_JP_INVSUM023 - Enter valid payment term for & company code

FINLOC_JP_INVSUM023 - Overview

• Message type: E = Error

• Message class: FINLOC_JP_INVSUM -

• Message number: 023

• Message text: Enter valid payment term for & company code

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.

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FINLOC_JP_INVSUM023 - Details

• The SAP error message FINLOC_JP_INVSUM023 indicates that there is an issue with the payment term specified for a particular company code in the system. This error typically arises when the payment term entered is either invalid, not defined for the specified company code, or not applicable for the transaction being processed.
  
  Cause:
  
  Invalid Payment Term: The payment term entered does not exist in the system.
  Company Code Configuration: The payment term may not be assigned to the specific company code in the configuration settings.
  Transaction Type: The payment term may not be applicable for the type of transaction being processed (e.g., invoice, payment).
  Data Entry Error: There may be a typographical error in the payment term entered.
  
  
  Solution:
  
  
  Check Payment Term:
  
  Verify that the payment term you are trying to use is correctly defined in the system.
  Go to the transaction code OBB8 to view and manage payment terms.
  
  
  
  Assign Payment Term to Company Code:
  
  Ensure that the payment term is