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

67_PAYMENTS374 - Overview

• 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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67_PAYMENTS374 - Details

• 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