How To Fix 67_LOAN_WRITE_OFF020 - Planned record due on &1: Advance payment exists - waiver not possible

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 020

• Message text: Planned record due on &1: Advance payment exists - waiver not possible

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN_WRITE_OFF020 - Planned record due on &1: Advance payment exists - waiver not possible ?

  The SAP error message 67_LOAN_WRITE_OFF020 indicates that there is an issue with processing a loan write-off due to an existing advance payment. Specifically, the message states that a planned record is due, but an advance payment exists, which prevents the waiver from being processed.
  Cause:
  The error typically arises in the context of loan management when:
  
  There is an advance payment associated with the loan that has not been fully settled or cleared.
  The system does not allow the write-off of the loan amount because it is linked to an advance payment that needs to be addressed first.
  The loan write-off process is being attempted while there are still outstanding obligations related to the advance payment.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Advance Payments: Review the loan account to identify any advance payments that are still outstanding. You can do this by navigating to the relevant loan management transaction in SAP and checking the payment history.
  
  
  Clear Advance Payments: If there are outstanding advance payments, you may need to clear or settle these payments before proceeding with the loan write-off. This could involve processing a payment or adjusting the advance payment records.
  
  
  Adjust Loan Records: If the advance payment is no longer valid or needs to be adjusted, you may need to make the necessary changes in the loan management system to reflect this.
  
  
  Consult Documentation: Refer to the SAP documentation or help files related to loan management and write-offs for specific instructions on handling advance payments and waivers.
  
  
  Contact Support: If you are unable to resolve the issue on your own, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific configuration and business processes.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP for loan management, such as FPY1 (for processing payments) or FPL1 (for loan write-offs).
  User Roles: Ensure that you have the appropriate permissions to view and modify loan and payment records in the system.
  Documentation: Review any internal documentation or guidelines your organization has regarding loan management processes, as these may provide additional context or steps specific to your setup.
  
  By following these steps, you should be able to address the error and proceed with the loan write-off process.