How To Fix 3P162 - LTF allowance is no long available since Jan.1st 2020

SAP Error Message - Details

• Message type: E = Error

• Message class: 3P -

• Message number: 162

• Message text: LTF allowance is no long available since Jan.1st 2020

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 3P162 - LTF allowance is no long available since Jan.1st 2020 ?

  The SAP error message 3P162 indicates that the LTF (Long-Term Financing) allowance is no longer available since January 1st, 2020. This error typically arises in the context of financial transactions or reporting within the SAP system, particularly when dealing with allowances or financing options that have been phased out or are no longer applicable.
  Cause:
  
  Regulatory Changes: The LTF allowance may have been discontinued due to changes in regulations or accounting standards that took effect on January 1, 2020.
  Configuration Issues: The SAP system may still be configured to allow for LTF allowances, despite their discontinuation.
  Data Entry Errors: Users may be attempting to apply an LTF allowance in transactions or reports where it is no longer valid.
  
  Solution:
  
  Review Configuration: Check the configuration settings in SAP to ensure that the LTF allowance is not enabled or available for selection. This may involve working with your SAP Basis or Financials team to update the system settings.
  Update Processes: Ensure that all business processes and documentation reflect the discontinuation of the LTF allowance. This may involve training for users to prevent future errors.
  Alternative Allowances: If applicable, identify and implement alternative allowances or financing options that are valid post-January 1, 2020.
  Error Handling: If the error occurs during a specific transaction, review the transaction details to ensure that no LTF allowances are being incorrectly applied.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes or Knowledge Base Articles that may provide additional context or solutions for this error message.
  Documentation: Review any internal documentation regarding changes to financial allowances and ensure that all stakeholders are informed of the changes.
  User Training: Conduct training sessions for users to familiarize them with the new processes and to prevent the application of outdated allowances.
  
  If the issue persists after following these steps, it may be beneficial to consult with SAP support or your internal IT team for further assistance.