How To Fix FZ704 - > Cash discount is valid until &, next payment on &

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 704

• Message text: > Cash discount is valid until &, next payment on &

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?

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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 FZ704 - > Cash discount is valid until &, next payment on & ?

  The SAP error message FZ704 indicates that there is an issue related to cash discounts in the payment process. Specifically, it means that the cash discount period has expired, and the next payment date is beyond the valid cash discount period.
  Cause:
  
  Expired Cash Discount: The cash discount validity period has passed. This typically occurs when the payment is being processed after the discount period has ended.
  Incorrect Payment Date: The payment date being used is later than the cash discount expiration date.
  Configuration Issues: There may be issues with the configuration of cash discount terms in the system.
  
  Solution:
  
  Check Payment Date: Verify the payment date being used in the transaction. Ensure that it falls within the cash discount validity period.
  Review Cash Discount Terms: Check the cash discount terms set up in the vendor master data or the invoice. Ensure that the terms are correctly defined and that the validity dates are appropriate.
  Adjust Payment Date: If possible, adjust the payment date to a date that falls within the cash discount period.
  Manual Payment: If the cash discount has expired, you may need to process the payment without the discount.
  Configuration Review: If the issue persists, review the configuration settings for cash discounts in the SAP system. This may involve checking the payment terms and ensuring they are set up correctly.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FB60 (Enter Incoming Invoices) or F110 (Automatic Payment Transactions) to review and adjust the payment details.
  Documentation: Refer to SAP documentation or help files for detailed information on configuring cash discounts and payment terms.
  User Exits or BAdIs: If custom logic is involved, check for any user exits or BAdIs that might affect cash discount calculations.
  
  If the problem continues after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.