How To Fix 5R270 - Int. on late payment FWL not to be used after 01/04/2005 (DD/MM/YYYY)

SAP Error Message - Details

• Message type: E = Error

• Message class: 5R - HR-SG: Messages for HR Module SG, China, Hongkong and Taiwan

• Message number: 270

• Message text: Int. on late payment FWL not to be used after 01/04/2005 (DD/MM/YYYY)

What causes this issue?

An entry has been made in field 'Int. on late payment FWL'. This field
should be used only for report runs before 01/04/2005 (DD/MM/YYYY).

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Clear the entry in 'Int. on late payment FWL'.
Use this entry only in case report is run for periods before 01/04/2005
(DD/MM/YYYY).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 5R270 - Int. on late payment FWL not to be used after 01/04/2005 (DD/MM/YYYY) ?

  The SAP error message 5R270 indicates that there is an issue related to the late payment interest calculation in the Financial Accounting (FI) module, specifically concerning the use of the FWL (Fälligkeit und Verzugszinsen) functionality for late payments. The error message states that this functionality should not be used after April 1, 2005.
  Cause:
  The error typically arises due to the following reasons:
  
  Regulatory Changes: There may have been changes in the legal framework or regulations regarding late payment interest that took effect after the specified date.
  Configuration Issues: The system may still be configured to use the old late payment interest calculation methods that are no longer valid.
  Data Entry Errors: Incorrect data entry in the payment terms or conditions that reference the outdated FWL functionality.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Configuration:
  
  Check the configuration settings in the SAP system related to late payment interest. Ensure that they are updated to comply with the current regulations.
  Navigate to the relevant configuration path in SPRO (SAP Project Reference Object) and verify the settings for payment terms and interest calculation.
  
  
  
  Update Payment Terms:
  
  If the payment terms are still referencing the old FWL functionality, update them to use the new calculation methods that are compliant with the regulations post-April 1, 2005.
  
  
  
  Consult Documentation:
  
  Review SAP notes and documentation related to late payment interest calculations. SAP may have released notes that provide guidance on how to handle late payment interest after the specified date.
  
  
  
  Testing:
  
  After making the necessary changes, perform testing to ensure that the late payment interest calculations are functioning correctly and that the error message no longer appears.
  
  
  
  Contact SAP Support:
  
  If the issue persists after making the above changes, consider reaching out to SAP support for further assistance. They may provide additional insights or patches that address the issue.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP notes that may address this specific error message or provide updates on late payment interest calculations.
  Legal Changes: Stay informed about any legal changes in your country or region that may affect payment terms and interest calculations.
  Training: Ensure that your finance team is trained on the latest regulations and SAP functionalities related to late payment interest.
  
  By following these steps, you should be able to resolve the error message 5R270 and ensure compliance with the current regulations regarding late payment interest.