How To Fix VK294 - No default value could be determined for partial payment

VK294 - Overview

• Message type: E = Error

• Message class: VK - Pflege und Bearbeitung von Konditionen

• Message number: 294

• Message text: No default value could be determined for partial payment

What causes this issue?

On the basis of Customizing for the agreement type, no proposal value
could be determined for the partial settlement of a rebate agreement.

System Response

No partial settlement created for the agreements involved.

How to fix this error?

If an automatic partial settlement is to be created, then either 'A'
(payment up to the value of the accrual) or 'B' (payment up to the
value of a pro-forma final settlement) must be used as the manual
payment procedure.

Error message extract from SAP system. Copyright SAP SE.

VK294 - Details

• The SAP error message VK294, which states "No default value could be determined for partial payment," typically occurs in the context of pricing and billing in SAP, particularly when dealing with sales documents or billing documents. This error indicates that the system is unable to determine a default value for a partial payment scenario, which can arise due to various reasons.
  Causes of VK294 Error
  
  
  Missing Configuration: The pricing procedure may not be configured correctly to handle partial payments. This can include missing condition types or incorrect settings in the pricing procedure.
  
  
  Incomplete Master Data: Customer master data or material master data may be incomplete or not set up to handle partial payments.
  
  
  Condition Records: There may be missing or incorrect condition records for the pricing elements involved in the transaction.
  
  
  Document Type Settings: The document type used for the sales order or billing document may not be configured to allow partial payments.
  
  
  Custom Logic: If