How To Fix 67_PAYMENTS306 - Contract &1 is not a consumer loan

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_PAYMENTS - Message Class Incoming Payment / Payment Postprocessing

• Message number: 306

• Message text: Contract &1 is not a consumer loan

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_PAYMENTS306 - Contract &1 is not a consumer loan ?

  The SAP error message 67_PAYMENTS306 indicates that the contract specified (denoted by &1) is not classified as a consumer loan. This error typically arises in the context of financial transactions or payment processing within the SAP system, particularly in modules related to loans and payments.
  Cause:
  
  Contract Type Misclassification: The contract you are trying to process is not set up as a consumer loan in the system. It may be classified as a different type of loan or financial product.
  Data Entry Error: There may have been an error in entering the contract details, leading to the system not recognizing it as a consumer loan.
  Configuration Issues: The configuration settings in the SAP system may not be correctly set up to recognize the contract as a consumer loan.
  
  Solution:
  
  Verify Contract Type: Check the contract details in the SAP system to ensure that it is indeed a consumer loan. You can do this by navigating to the relevant transaction code (e.g., using the contract management module) and reviewing the contract type.
  Correct Data Entry: If the contract is incorrectly classified, you may need to update the contract details to reflect the correct type. This may involve changing the contract type or re-entering the contract information.
  Consult Configuration Settings: If you have access to the configuration settings, verify that the settings for loan types are correctly defined. This may involve checking the customizing settings in the SAP system (transaction SPRO) to ensure that consumer loans are properly configured.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a functional consultant who specializes in the financial modules of SAP.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FTR_EDIT (for editing financial contracts) or FTR_CREATE (for creating financial contracts).
  Documentation: Review SAP documentation or help files related to contract management and consumer loans for additional guidance.
  User Roles: Ensure that you have the appropriate permissions to view and edit contract details in the SAP system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.