How To Fix TU504 - Cannot create payment plan because payment plan &1 already exists

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 504

• Message text: Cannot create payment plan because payment plan &1 already exists

What causes this issue?

You have tried to create a payment plan with start date &V3& for
contract &V2&.
Payment plan &V1& already exists for this contract whose end date &V4&
is after the start date of the plan to be created.

System Response

INCLUDE ISU_VERARB OBJECT DOKU ID TX

How to fix this error?

Change the start date of the payment plan to be created.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.