SAP Message CACS_SE202 - Settlement type &1 is invalid

Diagnosis
The settlement type &v1& isinvalid for:
Commission application,,&v2&
Effective time-spot,,&v3&
Technical time-spot,,&v4&

Procedure for System Administration
Check the Customizing for settlement types. At least one settlement type(&v1&) was incorrectly defined in Customizing.