Payment scheme cannot be created because the date is invalid

What causes this issue?

You tried to create a payment scheme for contract &V2&. This is not
possible because interim or periodic billing is planned in meter reading
unit &V3& for &V1&. This date is within the minimum number of days
permitted between the creation date of a payment scheme and the creation
of the next bill. The minimum number of days is defined in the table :
Control parameter for payment scheme (TE637).

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

Processing is terminated.

How to fix this error?

When you create the payment scheme, set the date after &V1&.
Change the settings in the control parameter for payment scheme table
(TE637).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.