How To Fix 6E007 - Advance payments exist for this loan

SAP Error Message - Details

• Message type: E = Error

• Message class: 6E - Messages for EMU currency conversion in Treasury

• Message number: 007

• Message text: Advance payments exist for this loan

What causes this issue?

INCLUDE TRLO_EMU_LOAN_KEY OBJECT DOKU ID TX
Incoming payments have already been posted as advance payments relating
to one or more planned records. You are not allowed to change these
planned records. Since the contract currency changeover to the euro
changes the currency and amounts of planned records, posting errors may
arise if processing is continued.

System Response

Processing was terminated.

How to fix this error?

First reverse the advance payment incoming payments. You can determine
the document number via the account statement. Once you have done this,
you can re-run the contract currency changeover.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 6E007 - Advance payments exist for this loan ?

  The SAP error message 6E007 ("Advance payments exist for this loan") typically occurs in the context of financial transactions related to loans or advances in the SAP system. This error indicates that there are advance payments that have been made against a loan, and as a result, certain actions (like closing the loan or processing a payment) cannot be completed until these advance payments are addressed.
  Cause:
  
  Existing Advance Payments: The primary cause of this error is that there are one or more advance payments recorded in the system for the loan in question. These payments need to be settled or cleared before further processing can occur.
  Loan Configuration: There may be specific configurations or settings in the loan management module that require advance payments to be handled in a certain way.
  Incomplete Transactions: If there are incomplete or pending transactions related to the advance payments, this can also trigger the error.
  
  Solution:
  
  Review Advance Payments: Check the loan account for any existing advance payments. You can do this by navigating to the relevant transaction in SAP (e.g., using transaction codes like FBL1N for vendor line items or FBL3N for G/L account line items).
  Clear or Adjust Payments: If advance payments are found, you may need to clear them or adjust them as necessary. This could involve:
  
  Processing a payment to settle the advance.
  Reversing an incorrect advance payment.
  Adjusting the loan terms if applicable.
  
  
  Consult Documentation: Review the loan management documentation or configuration settings in SAP to ensure that all necessary steps have been followed for handling advance payments.
  Contact Support: If you are unable to resolve the issue, 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 that can help you manage loans and advance payments, such as:
  
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  FB03: Display Document
  
  
  SAP Notes: Check for any SAP Notes related to error 6E007 for specific patches or updates that may address known issues.
  User Roles and Permissions: Ensure that you have the necessary permissions to view and modify loan and payment information in the system.
  
  By following these steps, you should be able to identify the cause of the error and take appropriate action to resolve it.