How To Fix FS720 - Error when adding the tax code (Code = &)

FS720 - Overview

• Message type: E = Error

• Message class: FS - Messages from Tax Routines / Prenumbered Checks

• Message number: 720

• Message text: Error when adding the tax code (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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FS720 - Details

• The SAP error message FS720 typically occurs when there is an issue related to tax codes in the financial module of SAP, particularly when trying to add or modify a tax code. The error message indicates that there is a problem with the tax code you are trying to use, which is represented by the placeholder "&".
  Causes of FS720 Error
  
  Invalid Tax Code: The tax code you are trying to add may not exist in the system or may be incorrectly formatted.
  Tax Code Configuration: The tax code may not be properly configured in the system, leading to inconsistencies.
  Missing Master Data: Required master data for the tax code may be missing, such as tax rates or tax jurisdiction data.
  Authorization Issues: The user may not have the necessary permissions to add or modify tax codes.
  System Settings: There may be issues with the system settings or configuration that prevent the addition of the tax