How To Fix REXCPTPT048 - Day of first installment for company &1 and year &2 is not maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: REXCPTPT -

• Message number: 048

• Message text: Day of first installment for company &1 and year &2 is not maintained

What causes this issue?

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

System Response

How to fix this error?

Maintain the installment day inthe IMG Activity
<DS:SIMG.V_TIVXCPTINSTDAT>Define Installment Dates</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message REXCPTPT048 - Day of first installment for company &1 and year &2 is not maintained ?

  The SAP error message REXCPTPT048 indicates that the system is unable to process a specific financial transaction because the "day of the first installment" for a particular company code and year has not been maintained. This typically occurs in the context of installment plans or payment schedules in the SAP system, particularly in the area of contract accounting or financial management.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the configuration for the "day of the first installment" has not been set up for the specified company code and fiscal year in the system.
  Incorrect Data Entry: There may be a data entry error where the required fields have not been filled out correctly or completely.
  New Company Code or Year: If a new company code or fiscal year has been created, the necessary settings may not have been established yet.
  
  Solution:
  To resolve this error, you need to maintain the "day of the first installment" for the specified company code and year. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the relevant configuration path, which is usually found under:
  
  Financial Accounting (FI) > Accounts Receivable and Accounts Payable > Contract Accounts Receivable and Payable > Basic Settings > Define Installment Plan.
  
  
  
  
  
  Maintain the Day of First Installment:
  
  Look for the option to define the installment plan settings.
  Select the relevant company code and fiscal year.
  Enter the "day of the first installment" (e.g., 1 for the first day of the month, or any other day as per your business requirement).
  
  
  
  Save the Changes: After entering the required information, save your changes.
  
  
  Test the Transaction: After making the necessary configuration changes, try to execute the transaction again to see if the error persists.
  
  
  Related Information:
  
  Documentation: Refer to SAP documentation or help files for more detailed instructions on maintaining installment plans and related settings.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to resolve the REXCPTPT048 error and continue with your financial transactions in SAP.