How To Fix TU260 - Cannot create payment schema for contract acct &1: no cash accounting

SAP Error Message - Details

• Message type: E = Error

• Message class: TU - Billing/Scheduling/Budget Billing

• Message number: 260

• Message text: Cannot create payment schema for contract acct &1: no cash accounting

What causes this issue?

Cannot create a payment schema for contract account &V1&, because you
did not enter 01 (<DS:GLOS.4603B2B88068D411AB370060B03C3B0B>Cash
Accounting</>) in the <LS>Tax determination procedure</> field.
Payment schemas can only be created for contract accounts with budget
billing procedure 04 (payment schema) and tax determination procedure
01.

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?

Enter <LB>Cash Accounting</> as the tax determination procedure.

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 TU260 - Cannot create payment schema for contract acct &1: no cash accounting ?

  The SAP error message TU260 indicates that the system is unable to create a payment schema for a contract account because there is no cash accounting set up for that account. This typically occurs in the context of contract accounts in SAP's Financial Accounting (FI) module, particularly when dealing with customer accounts and payment processing.
  Cause:
  The error is caused by the absence of cash accounting configuration for the specified contract account. This can happen if:
  
  The contract account is not set up for cash accounting.
  The necessary configuration for cash accounting has not been completed in the system.
  The account type or settings do not support cash accounting.
  
  Solution:
  To resolve the TU260 error, you can follow these steps:
  
  
  Check Contract Account Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu) to check the configuration of the contract account.
  Ensure that the account is set up for cash accounting. You may need to adjust the settings to enable cash accounting.
  
  
  
  Review Cash Accounting Settings:
  
  Use transaction code OBA7 to check the cash accounting settings in your system.
  Ensure that the necessary parameters for cash accounting are correctly configured.
  
  
  
  Assign Payment Schema:
  
  Ensure that the payment schema is correctly assigned to the contract account. You can check this in the contract account settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to cash accounting and contract accounts for any specific configuration steps that may have been missed.
  
  
  
  Check User Authorizations:
  
  Ensure that the user has the necessary authorizations to create or modify payment schemas and contract accounts.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for account configuration) and OBA7 (for cash accounting settings).
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  Documentation: Review the SAP Help Portal for detailed documentation on cash accounting and contract account management.
  
  By following these steps, you should be able to identify and resolve the issue causing the TU260 error in your SAP system.