How To Fix 67_PAYMENTS374 - Rescission needs to be executed in contract &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 374

• Message text: Rescission needs to be executed in contract &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67_PAYMENTS374 - Rescission needs to be executed in contract &1 ?

  The SAP error message 67_PAYMENTS374 indicates that a rescission (cancellation or reversal) needs to be executed for a specific contract identified by &1. This error typically arises in the context of contract management or payment processing within SAP, particularly when there are issues related to contract modifications or cancellations.
  Cause:
  
  Pending Rescission: The contract in question has a pending rescission that must be processed before any further actions can be taken.
  Contract Status: The status of the contract may not allow for the current operation (e.g., payment processing, modification) until the rescission is handled.
  Data Integrity: There may be inconsistencies or missing data related to the contract that require resolution.
  
  Solution:
  
  
  Execute Rescission: Navigate to the contract management module and execute the rescission for the specified contract. This may involve:
  
  Accessing the contract details.
  Finding the option to process a rescission or cancellation.
  Following the prompts to complete the rescission process.
  
  
  
  Check Contract Status: Ensure that the contract is in a status that allows for rescission. If it is locked or in a state that does not permit changes, you may need to resolve those issues first.
  
  
  Review Documentation: Consult the relevant documentation or guidelines for your organization regarding contract rescissions to ensure compliance with internal processes.
  
  
  Consult with SAP Support: If the issue persists or if you are unsure how to proceed, consider reaching out to your SAP support team or consulting the SAP Help Portal for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to contract management, such as ME33K (Display Contract) or ME32K (Change Contract).
  User Roles: Ensure that you have the necessary permissions to execute rescissions and make changes to contracts.
  Audit Trail: Keep a record of any changes made to contracts for compliance and auditing purposes.
  Training: If you frequently encounter this error, consider additional training on contract management processes within SAP.
  
  By following these steps, you should be able to resolve the error and proceed with your intended actions related to the contract.