How To Fix 1FA720 - Term end date cannot be earlier than posting date of bank area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 720

• Message text: Term end date cannot be earlier than posting date of bank area &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1FA720 - Term end date cannot be earlier than posting date of bank area &1 ?

  The SAP error message 1FA720 indicates that there is a conflict between the term end date and the posting date of a bank area in your SAP system. This error typically arises when you are trying to perform a transaction that involves a bank area, and the term end date you have specified is earlier than the posting date that is currently set for that bank area.
  Cause:
  
  Incorrect Date Entry: The term end date you are trying to enter is earlier than the current posting date for the bank area.
  Configuration Issues: There may be configuration settings in the bank area that are not aligned with the dates you are trying to use.
  Data Entry Errors: Mistakes in data entry can lead to this error, such as entering the wrong date format or selecting the wrong date.
  
  Solution:
  
  Check Dates: Verify the term end date you are trying to enter. Ensure that it is not earlier than the current posting date for the bank area.
  Update Posting Date: If necessary, update the posting date to a date that is earlier than or equal to the term end date.
  Review Bank Area Configuration: Check the configuration settings for the bank area to ensure that they are set up correctly and that there are no restrictions that would cause this error.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on managing bank area dates and postings.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FBZP (for payment program configuration) or OBPM1 (for bank area settings) to review and adjust settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional context.
  User Permissions: Ensure that you have the necessary permissions to make changes to bank area settings and dates.
  
  By following these steps, you should be able to resolve the error message 1FA720 and proceed with your transaction.