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

SAP Error Message - Details

• 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.

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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.

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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. You can do this by using the same transaction code and adding a new payment term.
  
  
  
  Verify Data Entry:
  
  Double-check the payment term entered in the transaction for any typographical errors.
  Ensure that the correct payment term is being used for the specific transaction type.
  
  
  
  Client-Specific Issues:
  
  If you are working in a specific client, ensure that the payment term is configured for that client. You can check this by switching to the appropriate client or checking the configuration settings.
  
  
  
  Consult Documentation:
  
  If you are unsure about the payment terms and their configurations, refer to the SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Testing:
  
  After making any changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBB8: Maintain Payment Terms
  FB60: Enter Incoming Invoices
  F-28: Post Incoming Payments
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to payment terms.
  User Roles: Ensure that you have the necessary authorizations to view and modify payment terms in the system.
  
  By following these steps, you should be able to resolve the FKC1012 error and ensure that the payment terms are correctly configured in your SAP system.