How To Fix 1E700 - Account &2: bank area &1: Item &3 with value date &4 > closure date

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 700

• Message text: Account &2: bank area &1: Item &3 with value date &4 > closure date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1E700 - Account &2: bank area &1: Item &3 with value date &4 > closure date ?

  The SAP error message 1E700 indicates that there is an issue with a financial transaction related to a bank account. Specifically, the message states that the value date of an item exceeds the closure date of the bank area. Here’s a breakdown of the components of the error message:
  
  Account &2: This refers to the specific account number that is causing the issue.
  Bank area &1: This indicates the bank area associated with the account.
  Item &3: This is the specific item or transaction that is problematic.
  Value date &4: This is the date on which the transaction is supposed to be effective.
  
  Cause
  The error occurs when a transaction is being processed with a value date that is later than the closure date of the bank area. This typically happens in the following scenarios:
  
  Bank Area Closure: The bank area has been closed for transactions, and any new transactions with a value date beyond the closure date are not allowed.
  Incorrect Value Date: The value date of the transaction has been incorrectly set to a date that is after the closure date of the bank area.
  Configuration Issues: There may be configuration settings in the bank area that need to be reviewed or adjusted.
  
  Solution
  To resolve this error, you can take the following steps:
  
  
  Check Bank Area Closure Date:
  
  Review the closure date of the bank area in the SAP system. You can do this by navigating to the relevant configuration settings in the SAP system (usually found in the Financial Accounting module).
  If the bank area is closed, you will need to either reopen it or ensure that transactions are not being processed with value dates beyond this closure date.
  
  
  
  Adjust Value Date:
  
  If the transaction is valid and should be processed, check the value date of the transaction. Ensure that it is set to a date that is on or before the closure date of the bank area.
  
  
  
  Review Transaction Details:
  
  Look into the specific item mentioned in the error message. Verify that all details are correct and that the transaction is valid.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the closure dates or the implications of reopening a bank area, consult with your finance or accounting team for guidance.
  
  
  
  SAP Notes and Documentation:
  
  Check SAP Notes for any known issues or patches related to this error message. Sometimes, there may be specific fixes or updates provided by SAP.
  
  
  
  Related Information
  
  Transaction Codes: You may need to use transaction codes like OB52 (to manage posting periods) or FBV0 (to process financial documents) to check or adjust settings.
  Documentation: Refer to SAP documentation for detailed information on managing bank areas and handling financial transactions.
  User Roles: Ensure that you have the necessary permissions to view and modify bank area settings and transaction details.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.