How To Fix FKC1012 - Payment term &1 does not exist

FKC1012 - Overview

• Message type: E = Error

• Message class: FKC1 - FI-CAC: Central Functions

• Message number: 012

• Message text: Payment term &1 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.

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 FKC1012 - Payment term &1 does not exist ?

  The SAP error message FKC1012, which states "Payment term &1 does not exist," typically occurs when a payment term that is referenced in a transaction or document does not exist in the system. This can happen in various contexts, such as during invoice processing, payment processing, or when creating sales orders.
  
  Cause:
  
  Incorrect Payment Term: The payment term specified in the transaction does not match any of the payment terms defined in the system.
  Missing Configuration: The payment term may not have been created or activated in the system.
  Data Entry Error: There may be a typographical error in the payment term code entered in the transaction.
  Client-Specific Configuration: The payment term may exist in another client but not in the current client you are working in.
  
  
  Solution:
  
  
  Check Payment Term Configuration:
  
  Go to the transaction code OBB8 (for payment terms) to check if the payment term exists.
  If it does not exist, you will need to create it.