How To Fix TF007 - Life of bill of exchange only allowed for payment method 2

TF007 - Overview

• Message type: E = Error

• Message class: TF - Financial Accounting Tables

• Message number: 007

• Message text: Life of bill of exchange only allowed for payment method 2

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?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

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 TF007 - Life of bill of exchange only allowed for payment method 2 ?

  The SAP error message TF007, which states "Life of bill of exchange only allowed for payment method 2," typically occurs in the context of financial transactions involving bills of exchange (BoE) in SAP. This error indicates that the configuration for the payment method being used does not support the life of a bill of exchange, which is only allowed for payment method 2.
  
  Cause:
  
  Payment Method Configuration: The error arises because the payment method configured in the system does not allow for the life of a bill of exchange. In SAP, different payment methods have specific settings and capabilities, and payment method 2 is specifically designed to handle bills of exchange.
  Incorrect Payment Method Selection: The user may have selected a payment method that is not compatible with the bill of exchange process.
  
  
  Solution:
  
  Change Payment Method: If the transaction requires the life of a bill of exchange, ensure that you are using payment method