How To Fix VELO103 - No terms of payment have been found &1 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: VELO - Vehicle Management System

• Message number: 103

• Message text: No terms of payment have been found &1 &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.

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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 VELO103 - No terms of payment have been found &1 &2 ?

  The SAP error message VELO103 ("No terms of payment have been found &1 &2") typically occurs when the system is unable to find the payment terms associated with a specific vendor or customer in the context of a transaction. This can happen in various scenarios, such as during the creation of a purchase order, invoice, or sales order.
  Causes:
  
  Missing Payment Terms: The payment terms may not be defined in the system for the specific vendor or customer.
  Incorrect Configuration: The payment terms may not be correctly configured in the system or may not be assigned to the relevant master data.
  Data Inconsistency: There may be inconsistencies in the master data, such as missing or incorrect entries in the vendor or customer records.
  Transaction Type: The transaction type being processed may not be compatible with the payment terms defined in the system.
  
  Solutions:
  
  
  Check Payment Terms Configuration:
  
  Go to the configuration settings in SAP (Transaction code: OBB8) and verify that the payment terms are correctly defined.
  Ensure that the payment terms are active and applicable to the relevant company code.
  
  
  
  Assign Payment Terms to Vendor/Customer:
  
  For vendors, navigate to the vendor master data (Transaction code: XK02) and check if the payment terms are assigned.
  For customers, use the customer master data (Transaction code: XD02) to verify the payment terms assignment.
  
  
  
  Create or Update Payment Terms:
  
  If the payment terms do not exist, create new payment terms in the configuration settings.
  If they exist but are not assigned, assign them to the relevant vendor or customer.
  
  
  
  Check Transaction Data:
  
  Ensure that the transaction you are trying to process is compatible with the payment terms you are using.
  Review the document type and ensure it aligns with the payment terms.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may be required for your organization.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBB8: Define Payment Terms
  XK02: Change Vendor Master Data
  XD02: Change Customer Master Data
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to payment terms.
  User Roles: Ensure that you have the necessary authorizations to view and modify payment terms and master data.
  
  By following these steps, you should be able to resolve the VELO103 error and ensure that payment terms are correctly configured and assigned in your SAP system.