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

FZ703 - Overview

• 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

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 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