How To Fix 60700 - Time gap exists until next settlement variant

SAP Error Message - Details

• Message type: E = Error

• Message class: 60 - Real Estate

• Message number: 700

• Message text: Time gap exists until next settlement variant

What causes this issue?

There is a time gap between the newly assigned account settlement
variant and the next account settlement variant where no account
settlement variant is assigned to the calculation unit.

System Response

The entry is refused.

How to fix this error?

This problem can only occur if the newly assigned account settlement
variant is year-dependent, i.e. is only valid for an account settlement
year. You either have to change or delete the subsequent account
settlement variant which you entered and/or assign another account
settlement variant.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 60700 - Time gap exists until next settlement variant ?

  The SAP error message 60700, which states "Time gap exists until next settlement variant," typically occurs in the context of settlement processing in SAP, particularly when dealing with internal orders, projects, or cost centers. This error indicates that there is a time gap between the current date and the next scheduled settlement date, which can prevent the system from processing settlements as expected.
  Cause:
  
  Settlement Variant Configuration: The settlement variant may not be configured correctly, leading to discrepancies in the scheduled settlement dates.
  Settlement Period: The current date may fall outside the defined settlement periods for the specific variant.
  Missing or Incorrect Dates: The start and end dates for the settlement variant may not align with the current date or the expected settlement dates.
  Posting Periods: The posting periods may be closed or not open for the current date, which can also lead to this error.
  
  Solution:
  
  
  Check Settlement Variant Configuration:
  
  Go to the configuration settings for the settlement variant in the SAP system.
  Ensure that the dates and periods are correctly defined and that there are no gaps in the schedule.
  
  
  
  Review Settlement Periods:
  
  Verify the defined settlement periods for the variant and ensure that the current date falls within an open period.
  If necessary, adjust the periods to include the current date.
  
  
  
  Adjust Dates:
  
  If the settlement variant has specific start and end dates, ensure that these dates are correctly set and that they encompass the current date.
  
  
  
  Open Posting Periods:
  
  Check the posting periods in the system to ensure that they are open for the current date.
  If the periods are closed, you may need to open them to allow for the settlement to proceed.
  
  
  
  Run Settlement Manually:
  
  If the automatic settlement is failing, consider running the settlement process manually for the affected orders or projects to bypass the error temporarily.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on settlement variants and error handling.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like KO88 (Order Settlement) or CJ88 (Project Settlement) to initiate the settlement process and check for errors.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates to the settlement process.
  User Exits and Enhancements: If custom logic is implemented in the settlement process, review any user exits or enhancements that may affect the settlement variant behavior.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in controlling (CO) or project systems (PS) for further assistance.