What is formal error in SAP FS-AM-IM-IT - Payment Items?

SAP Term: formal error

• Component: FS-AM-IM-IT

• Component Name: Payment Items

• Description: An error detected by the Account Management system in the context of the formal checks made when posting a payment item or creating a prenote. A distinction is made between formal errors to which posting control can be applied and those to which posting control cannot be applied.

Smart SAP Assistant

• Key Concepts: 
  A formal error is an error that occurs when a payment item is processed in the SAP system. This type of error is caused by incorrect or incomplete data entered into the system, or by incorrect settings in the system. It can also be caused by a technical issue with the system itself. 
  
  How to use it: 
  When a formal error occurs, the payment item will be rejected and an error message will be displayed. The user must then correct the data or settings that caused the error before the payment item can be processed again. In some cases, the user may need to contact their SAP support team for assistance in resolving the issue. 
  
  Tips & Tricks: 
  When entering data into the SAP system, it is important to double-check all entries to ensure accuracy and completeness. This will help to reduce the chances of a formal error occurring. Additionally, it is important to keep up-to-date with any changes or updates to the system, as these can also cause errors. 
  
  Related Information: 
  Formal errors are specific to the FS-AM-IM-IT Payment Items component of SAP. For more information on this component, please refer to the official SAP documentation.