How To Fix 67_LOAN_WRITE_OFF016 - Contract has no open items that can be waived or written off

67_LOAN_WRITE_OFF016 - Overview

• Message type: E = Error

• Message class: 67_LOAN_WRITE_OFF - Message Class for Waivers, Write-Offs and IVA

• Message number: 016

• Message text: Contract has no open items that can be waived or written off

What causes this issue?

The current contract has no open items that can be waived or written
off.

System Response

The program is terminated and the system returns to the workplace.

How to fix this error?

You wanted to execute a waiver or write-off on a receivable. However,
the current contract involves no receivables that can be waived or
written off. This is why the system terminated processing.
You control which items can be waived or written off by the Customizing
settings you make in the offsetting flow types for the corresponding
flow types for waivers and write-offs.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

67_LOAN_WRITE_OFF016 - Details

• The SAP error message 67_LOAN_WRITE_OFF016 indicates that the contract you are trying to process does not have any open items that can be waived or written off. This typically occurs in the context of loan management or financial transactions where a write-off is being attempted.
  
  Cause:
  
  No Open Items: The primary reason for this error is that there are no outstanding amounts or open items associated with the contract that can be written off. This could mean that the loan has already been fully paid, or there are no overdue amounts.
  Incorrect Contract: You may be trying to write off a contract that is not eligible for write-off due to its status or type.
  Data Entry Error: There might be a mistake in the contract number or details entered, leading to the system not recognizing any open items.
  
  
  Solution:
  
  Check Contract Status: Verify the status of the contract in question. Ensure that it has open items