How To Fix FKBT003 - Term agreement &2 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FKBT - Alle Nachrichten zum Paket FKBT

• Message number: 003

• Message text: Term agreement &2 does not exist

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKBT003 - Term agreement &2 does not exist ?

  The SAP error message FKBT003 indicates that a "Term agreement &2 does not exist." This error typically occurs in the context of financial transactions, particularly when dealing with payment terms or agreements that are expected to be present in the system but are not found.
  Cause:
  
  
  Missing Term Agreement: The most common cause is that the term agreement referenced in the transaction does not exist in the system. This could be due to:
  
  The term agreement was never created.
  The term agreement was deleted or archived.
  A typo or incorrect reference in the transaction.
  
  
  
  Configuration Issues: There may be issues with the configuration settings in the SAP system that prevent the term agreement from being recognized.
  
  
  Data Migration Issues: If data was migrated from another system, the term agreements may not have been transferred correctly.
  
  
  Solution:
  
  
  Check Term Agreement: Verify if the term agreement exists in the system:
  
  Use transaction code OBB8 to check the payment terms and see if the term agreement is listed.
  If it does not exist, you may need to create it.
  
  
  
  Create Term Agreement: If the term agreement is missing, you can create it:
  
  Go to transaction code OBB8.
  Enter the necessary details to create a new term agreement.
  
  
  
  Correct Reference: If the term agreement exists but is not being recognized, check the transaction for any typos or incorrect references.
  
  
  Consult Configuration: If you suspect a configuration issue, consult with your SAP configuration team to ensure that the payment terms are set up correctly.
  
  
  Check for Data Migration Issues: If the system was recently migrated, verify that all necessary data, including term agreements, was migrated successfully.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBB8: Maintain Payment Terms
  FB60: Enter Incoming Invoices
  FB70: Enter Outgoing Invoices
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  Documentation: Review SAP documentation for payment terms and agreements to ensure you understand the requirements and setup.
  
  
  User Permissions: Ensure that you have the necessary permissions to view or create term agreements in the system.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or reach out to SAP support for further assistance.