How To Fix 5K462 - Labour-spon.fund entered is valid only for first 60 days of &

SAP Error Message - Details

• Message type: E = Error

• Message class: 5K - HR: Messages for Canada

• Message number: 462

• Message text: Labour-spon.fund entered is valid only for first 60 days of &

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 5K462 - Labour-spon.fund entered is valid only for first 60 days of & ?

  The SAP error message 5K462, which states "Labour-spon.fund entered is valid only for first 60 days of &," typically relates to the configuration of labor sponsorship funds in the SAP system, particularly in the context of payroll or employee benefits.
  Cause:
  This error occurs when an attempt is made to enter or process a labor sponsorship fund that is no longer valid. Specifically, the message indicates that the fund can only be used for the first 60 days of a specific period (often related to an employee's start date or a specific project). After this period, the fund is no longer applicable, and the system prevents further processing to ensure compliance with the rules governing the fund.
  Solution:
  To resolve this error, consider the following steps:
  
  
  Check the Dates: Verify the dates associated with the labor sponsorship fund. Ensure that you are within the valid period (the first 60 days) for using the fund.
  
  
  Update the Fund: If the fund is no longer valid, you may need to update the employee's record to reflect a different funding source or sponsorship that is applicable beyond the initial 60 days.
  
  
  Consult Configuration: If you have access to the configuration settings, check the settings for the labor sponsorship fund in the SAP system. Ensure that the fund is set up correctly and that the validity period aligns with your organization's policies.
  
  
  Contact HR or Payroll: If you are unsure about the correct fund to use or how to proceed, consult with your HR or payroll department. They can provide guidance on the appropriate funding sources and any necessary adjustments.
  
  
  Review Documentation: Check any relevant documentation or guidelines related to labor sponsorship funds within your organization to ensure compliance with internal policies.
  
  
  Related Information:
  
  SAP Notes: Look for any SAP Notes related to this error message for additional context or updates from SAP.
  User Manuals: Refer to user manuals or training materials specific to your organization's SAP implementation for guidance on handling labor sponsorship funds.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to address the error and ensure that the correct labor sponsorship fund is applied within the valid timeframe.