How To Fix 1M074 - Statement date: &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1M - BKK: Abschluß

• Message number: 074

• Message text: Statement date: &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 1M074 - Statement date: &1 ?

  The SAP error message 1M074, which states "Statement date: &1," typically relates to issues with the statement date in financial transactions or reporting. This error can occur in various contexts, such as during the processing of bank statements, payment runs, or financial reporting.
  Cause:
  The error message usually indicates that there is a problem with the statement date being used in a transaction. Common causes include:
  
  Invalid Date: The statement date may be outside the allowed range for processing, such as being in the future or too far in the past.
  Posting Period Issues: The posting period for the date may be closed or not open for posting.
  Configuration Issues: There may be configuration settings in the system that restrict the use of certain dates for transactions.
  Data Entry Errors: The date may have been entered incorrectly by the user.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  Check the Statement Date: Verify that the statement date is correct and falls within the acceptable range for your financial transactions.
  Review Posting Periods: Ensure that the posting period for the statement date is open. You can check this in the SAP transaction code OB52 (Maintain Posting Periods).
  Adjust Configuration: If there are specific configuration settings that restrict the use of certain dates, consult with your SAP administrator or financial team to adjust these settings if necessary.
  Correct Data Entry: If the date was entered incorrectly, correct it and try processing the transaction again.
  Consult Documentation: Refer to SAP documentation or help resources for additional context on the error message and its implications.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger), F-02 (Post Document), and others that may be related to the financial processes you are working with.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide specific guidance or updates that may resolve the issue.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to perform transactions on the specified statement date.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further assistance.