How To Fix FZ703 - > Cash discount of & % meets the specified minimum rate of & %

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 703

• Message text: > Cash discount of & % meets the specified minimum rate of & %

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FZ703 - > Cash discount of & % meets the specified minimum rate of & % ?

  The SAP error message FZ703 indicates that a cash discount percentage being applied does not meet the specified minimum rate defined in the system. This error typically arises during the processing of invoices or payments when the cash discount conditions are not satisfied.
  Cause:
  
  Minimum Cash Discount Rate: The cash discount percentage being applied is lower than the minimum cash discount rate set in the configuration.
  Configuration Settings: The settings in the financial accounting module (FI) or the specific vendor/customer master data may have defined minimum cash discount rates that are not being met.
  Invoice or Payment Terms: The terms of payment associated with the invoice or payment may not align with the cash discount conditions.
  
  Solution:
  
  
  Review Cash Discount Configuration:
  
  Navigate to the configuration settings in SAP (Transaction Code: SPRO).
  Check the cash discount settings under Financial Accounting > Accounts Receivable and Accounts Payable > Business Transactions > Cash Discounts.
  Ensure that the minimum cash discount rates are set correctly according to your business requirements.
  
  
  
  Adjust Invoice or Payment Terms:
  
  Review the payment terms associated with the invoice or payment.
  If necessary, adjust the payment terms to ensure they align with the cash discount conditions.
  
  
  
  Modify the Cash Discount Percentage:
  
  If the cash discount percentage being applied is incorrect, modify it to meet the minimum rate defined in the system.
  
  
  
  Vendor/Customer Master Data:
  
  Check the vendor or customer master data to ensure that the cash discount terms are correctly defined.
  Update the master data if necessary to reflect the correct cash discount terms.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team for specific guidance related to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB60 (Enter Incoming Invoice), FB70 (Enter Outgoing Invoice), and FBL1N/FBL5N (Vendor/Customer Line Items) to review transactions.
  SAP Notes: Check SAP Notes for any known issues or updates related to cash discount processing.
  User Exits or BAdIs: If custom logic is implemented, review any user exits or BAdIs that may affect cash discount calculations.
  
  By following these steps, you should be able to resolve the FZ703 error and ensure that cash discounts are applied correctly in your SAP system.