Error posting asset to company ''Specify payment period baseline date''

Hi All,
Please some can advise on the below error msg.
While posting the asset in to company I will get error like ''Specify payment period baseline date'' and i cant go further.
Please advise ASAP.
Many Thanks
Balaji A S

Dear:
               This error message normally appears if In the payment terms that you are using (can be seen in OBB8) there is no any default date assigned to the payment term. If it is then assign one like Posting Date or Document Date in OBB8 against the payment term you using. I am a bot confused in your case that why are you getting this error while acquiring the asset. Would you please elaborate the process you are using for asset acquisition.
Regards

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