How To Fix FKKVT_INVALID075 - Term of payment &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKVT_INVALID - Error category "invalid"

• Message number: 075

• Message text: Term of payment &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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Smart SAP Assistant

• What is the cause and solution for SAP error message FKKVT_INVALID075 - Term of payment &1 does not exist ?

  The SAP error message FKKVT_INVALID075 indicates that the term of payment specified in a transaction does not exist in the system. This error typically occurs in the context of financial transactions, particularly in the area of contract accounts receivable and payable (FI-CA).
  Cause:
  
  Non-Existent Term of Payment: The term of payment code you are trying to use has not been defined in the system.
  Incorrect Configuration: The term of payment may have been deleted or not properly configured in the system.
  Data Entry Error: There may be a typo or incorrect entry when specifying the term of payment in the transaction.
  
  Solution:
  
  
  Check Term of Payment Configuration:
  
  Go to the configuration settings in SAP (Transaction code: OBB8).
  Verify if the term of payment you are trying to use exists. If it does not, you may need to create it.
  
  
  
  Create or Modify Term of Payment:
  
  If the term of payment does not exist, you can create it by following these steps:
  
  Navigate to the configuration path: Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Transactions > Incoming Payments > Define Terms of Payment.
  Create a new term of payment or modify an existing one as needed.
  
  
  
  
  
  Check for Typos:
  
  Ensure that the term of payment entered in the transaction is correct and matches the defined terms in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct term of payment to use, consult your organization's financial documentation or speak with your finance team.
  
  
  
  Authorization Issues:
  
  Ensure that you have the necessary authorizations to access and modify terms of payment in the system.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OBB8: To view and manage terms of payment.
  FBL1N: To view vendor line items, which may help in identifying where the error occurs.
  
  
  
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  
  By following these steps, you should be able to resolve the error message FKKVT_INVALID075 and ensure that the term of payment is correctly configured in your SAP system.