How To Fix FTVV_MESSAGES588 - Reference to a charge type is required for mark-ups/discounts

FTVV_MESSAGES588 - Overview

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 588

• Message text: Reference to a charge type is required for mark-ups/discounts

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES588 - Reference to a charge type is required for mark-ups/discounts ?

  The SAP error message FTVV_MESSAGES588, which states "Reference to a charge type is required for mark-ups/discounts," typically occurs in the context of pricing and billing processes within SAP, particularly when dealing with mark-ups or discounts in financial transactions.
  
  Cause:
  This error usually arises when:
  
  Missing Charge Type: A charge type (which defines how a discount or markup is applied) is not specified in the relevant configuration or transaction.
  
  Configuration Issues: The pricing procedure may not be correctly set up to handle mark-ups or discounts, leading to the absence of a required reference.
  Incomplete Master Data: The master data for the relevant customer, vendor, or material may not include the necessary charge type information.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Pricing Procedure:
  
  Go to the pricing procedure configuration in SAP (Transaction code: SPRO).
  Ensure that the pricing procedure used for the transaction includes the necessary condition types for mark-ups and discounts.
  
  
  
  Define Charge Types:
  
  Navigate to the