How To Fix WB2B003 - Term of payment & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: WB2B - Trading Contract

• Message number: 003

• Message text: Term of payment & does not exist

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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Smart SAP Assistant

• What is the cause and solution for SAP error message WB2B003 - Term of payment & does not exist ?

  The SAP error message WB2B003: "Term of payment & does not exist" typically occurs when there is an issue with the payment terms defined in the system. This error can arise in various scenarios, such as during the creation of sales orders, invoices, or when processing payments.
  Cause:
  
  Missing Payment Terms: The specified term of payment does not exist in the system. This could be due to incorrect configuration or the payment term not being defined in the master data.
  Incorrect Configuration: The payment terms may not be properly configured in the relevant customizing settings.
  Data Entry Error: There might be a typo or incorrect entry when specifying the term of payment in the transaction.
  Master Data Issues: The customer or vendor master data may not have the correct payment terms assigned.
  
  Solution:
  
  
  Check Payment Terms:
  
  Go to the transaction code OBB8 (for payment terms) and verify if the term of payment in question exists.
  If it does not exist, you can create a new payment term or correct the existing one.
  
  
  
  Verify Master Data:
  
  Check the customer or vendor master data using transaction codes XD03 (for customers) or MK03 (for vendors) to ensure that the correct payment terms are assigned.
  If the payment term is missing, you can update the master data with the correct payment term.
  
  
  
  Review Configuration:
  
  Ensure that the payment terms are correctly configured in the system. This can be done through the customizing settings in the SAP IMG (Implementation Guide).
  Navigate to Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Transactions > Incoming Payments > Define Terms of Payment.
  
  
  
  Check Transaction Entry:
  
  Review the transaction where the error occurred to ensure that the term of payment was entered correctly without any typos.
  
  
  
  Consult Documentation:
  
  If you are unsure about the payment terms or their configuration, refer to SAP documentation or consult with your SAP functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBB8: Define Terms of Payment
  XD03: Display Customer
  MK03: Display Vendor
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to payment terms.
  User Authorization: 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 WB2B003 error and ensure that the payment terms are correctly set up in your SAP system.