How To Fix SD_RM_LC008 - The form of payment guarantee for financial document &1 is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: SD_RM_LC - Message Class for SD Risk Management Message

• Message number: 008

• Message text: The form of payment guarantee for financial document &1 is not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message SD_RM_LC008 - The form of payment guarantee for financial document &1 is not defined ?

  The SAP error message SD_RM_LC008 indicates that there is an issue with the payment guarantee for a financial document in the Sales and Distribution (SD) module. Specifically, it means that the form of payment guarantee for the specified financial document (denoted by &1) has not been defined in the system.
  Cause:
  
  Missing Configuration: The form of payment guarantee has not been set up in the system. This could be due to a lack of configuration in the financial document settings.
  Incorrect Document Type: The document type being used may not have a corresponding payment guarantee defined.
  Master Data Issues: The customer master data or the payment terms associated with the transaction may not have the necessary payment guarantee information.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP and verify that the payment guarantee for the relevant financial document type is defined.
  Navigate to the following path in the SAP menu: 
  SPRO -> SAP Reference IMG -> Sales and Distribution -> Basic Functions -> Credit Management -> Define Payment Guarantee
  
  Ensure that the necessary payment guarantee forms are configured correctly.
  
  
  
  Review Document Type:
  
  Check the document type being used for the transaction. Ensure that it is set up to allow for payment guarantees.
  You can do this by navigating to the document type settings in the configuration.
  
  
  
  Check Customer Master Data:
  
  Review the customer master data to ensure that the payment terms and conditions are correctly defined.
  Make sure that the payment guarantee information is included in the customer master record.
  
  
  
  Transaction Data:
  
  If the error occurs during a specific transaction, review the transaction data to ensure that all required fields are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring payment guarantees.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like VD02 (Change Customer) or VK11 (Create Condition) to check or update customer and condition records.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary permissions to make changes to configuration settings or master data.
  
  By following these steps, you should be able to identify and resolve the issue related to the SAP error message SD_RM_LC008.