How To Fix FZ701 - > Terms of payment: & &

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 701

• Message text: > Terms of payment: & &

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 FZ701 - > Terms of payment: & & ?

  The SAP error message FZ701, which states "Terms of payment: & &," typically indicates that there is an issue with the payment terms configuration in the system. This error can occur in various scenarios, such as during invoice processing, vendor or customer master data maintenance, or when creating sales orders.
  Cause:
  
  Missing or Incorrect Payment Terms: The payment terms specified in the transaction may not exist in the system or may be incorrectly configured.
  Inconsistent Data: The payment terms may not be properly assigned to the customer or vendor master data.
  Configuration Issues: There may be issues in the configuration settings for payment terms in the SAP system.
  
  Solution:
  
  
  Check Payment Terms Configuration:
  
  Go to the transaction code OBB8 to check the configuration of payment terms.
  Ensure that the payment terms you are trying to use are defined and correctly set up.
  
  
  
  Verify Master Data:
  
  For customer master data, use transaction code XD02 (change customer) or FD02 (change vendor) to check if the payment terms are correctly assigned.
  Ensure that the payment terms field is filled in the relevant master data records.
  
  
  
  Correct Payment Terms in Transaction:
  
  If you are entering a transaction (like an invoice or sales order), ensure that the payment terms field is populated with a valid entry.
  
  
  
  Consult with Configuration Team:
  
  If you are unable to resolve the issue, consult with your SAP configuration team to ensure that the payment terms are set up correctly in accordance with your business requirements.
  
  
  
  Check for Customizations:
  
  If your organization has custom developments or enhancements, check if any custom logic is affecting the payment terms.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBB8: Configuration of payment terms.
  XD02: Change customer master data.
  FD02: Change vendor master data.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on payment terms and their configuration.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to payment terms that might be relevant to your version of SAP.
  
  
  By following these steps, you should be able to identify and resolve the issue related to the FZ701 error message in SAP.