How To Fix 67_LOAN703 - The key date is in a period that is already archived

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN - Messages for Fin. Asset Management for Loans - Continued

• Message number: 703

• Message text: The key date is in a period that is already archived

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN703 - The key date is in a period that is already archived ?

  The SAP error message 67_LOAN703 indicates that the key date you are trying to use for a loan-related transaction falls within a period that has already been archived. This typically occurs in financial modules where historical data is archived to improve system performance and manage data volume.
  Cause:
  
  Archiving Process: The archiving process in SAP is designed to move older data from the database to an archive storage to optimize performance. If the key date you are using for a transaction falls within an archived period, the system will not be able to access the necessary data.
  Incorrect Key Date: The key date you are entering may not be appropriate for the current transaction or may be set incorrectly.
  Data Integrity: The system is designed to maintain data integrity, and accessing archived data for transactions that require real-time data can lead to inconsistencies.
  
  Solution:
  
  Check Key Date: Verify the key date you are using. Ensure that it falls within a non-archived period. If necessary, adjust the key date to a valid period.
  Unarchive Data: If you need to access the archived data for a specific reason, you may need to unarchive the relevant data. This process typically requires administrative privileges and should be done with caution.
  Consult with IT/Support: If you are unsure about the archiving policies or how to proceed, consult with your SAP Basis team or IT support. They can provide guidance on the archiving strategy and whether unarchiving is feasible.
  Review Archiving Settings: If this error occurs frequently, it may be worth reviewing the archiving settings and policies to ensure they align with business needs.
  
  Related Information:
  
  Archiving in SAP: Understand the archiving process in SAP, including how it works and the implications for data access.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you check the status of archived data (e.g., SARA for archiving administration).
  Documentation: Refer to SAP documentation or help resources for more detailed information on handling archived data and error messages.
  
  By addressing the key date and understanding the archiving process, you should be able to resolve the error and proceed with your transaction.