How To Fix GJ962 - Discount Account Master Data not Correctly Installed (Tax Code)

GJ962 - Overview

• Message type: E = Error

• Message class: GJ - Joint Venture Accounting

• Message number: 962

• Message text: Discount Account Master Data not Correctly Installed (Tax Code)

What causes this issue?

If there is a posting line for discount (net method) in the invoice,
the line should contain a tax code. If not, the G/L account for net
method discount is not correctly installed.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GJ962 - Discount Account Master Data not Correctly Installed (Tax Code) ?

  The SAP error message GJ962, which states "Discount Account Master Data not Correctly Installed (Tax Code)," typically occurs in the context of the SAP system when there is an issue with the configuration of discount accounts related to tax codes in the system. This error can arise during various processes, such as posting invoices or processing discounts.
  
  Cause:
  
  Missing Configuration: The discount account for the specific tax code may not be configured correctly in the system.
  Incorrect Tax Code Assignment: The tax code used in the transaction may not be properly assigned to the discount account in the master data.
  Inconsistent Master Data: There may be inconsistencies or missing entries in the master data related to discounts and tax codes.
  Customizations: If there are custom developments or modifications in the system, they may interfere with the standard behavior of discount account processing.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for discount accounts in the SAP system. This