How To Fix TU862 - Payment plan &2 already exists for contract &1

TU862 - Overview

• Message type: E = Error

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

• Message number: 862

• Message text: Payment plan &2 already exists for contract &1

What causes this issue?

You attempted to create a payment plan with start date &3 for contract
&1.
However, a payment plan already exists with an end date that is later
than the start date of the plan you are trying to create.

System Response

The system terminates processing.

How to fix this error?

Change the start date of the new 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.

TU862 - Details

• The SAP error message TU862 indicates that a payment plan already exists for the specified contract. This error typically occurs when you attempt to create a new payment plan for a contract that already has an existing payment plan associated with it.
  
  Cause:
  
  Existing Payment Plan: The primary cause of this error is that the contract you are trying to create a payment plan for already has an active payment plan.
  Data Entry Error: There may be a mistake in the data entry, such as trying to create a duplicate payment plan inadvertently.
  System Configuration: In some cases, system settings or configurations may lead to this error if they do not allow multiple payment plans for a single contract.
  
  
  Solution:
  
  
  Check Existing Payment Plans: 
  
  Navigate to the contract in question and check if there is already a payment plan associated with it. You can do this by using transaction codes like VA03 (Display Sales Order) or