How To Fix CRM_LEAS_DATE_CHECKS003 - Lease term is not &1 &2% of the normal useful life

SAP Error Message - Details

• Message type: E = Error

• Message class: CRM_LEAS_DATE_CHECKS - Check of Date Types

• Message number: 003

• Message text: Lease term is not &1 &2% of the normal useful life

What causes this issue?

Due to your system settings, the lease term has to be &V1& &V2&% of the
normal useful life. This is not the case with the parameters you
selected.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CRM_LEAS_DATE_CHECKS003 - Lease term is not &1 &2% of the normal useful life ?

  The SAP error message CRM_LEAS_DATE_CHECKS003 indicates that there is an issue with the lease term specified in the system. Specifically, it means that the lease term does not meet the required percentage of the normal useful life of the asset. This check is typically performed to ensure that the lease terms are reasonable and comply with accounting standards.
  Cause:
  
  Lease Term Configuration: The lease term entered in the system is either too short or too long compared to the asset's normal useful life.
  Asset Master Data: The normal useful life of the asset may not be correctly defined in the asset master data.
  Percentage Configuration: The percentage threshold for the lease term may not be set correctly in the system configuration.
  
  Solution:
  
  Check Lease Term: Review the lease term entered in the lease contract. Ensure that it is within the acceptable range defined by the system.
  Review Asset Master Data: 
  
  Go to the asset master record and check the "Useful Life" field. Ensure that the normal useful life is correctly defined.
  If necessary, update the asset master data to reflect the correct useful life.
  
  
  Configuration Settings: 
  
  Check the configuration settings for lease terms in the SAP system. This can usually be found in the customizing settings under Financial Accounting (FI) or Asset Accounting (AA).
  Ensure that the percentage thresholds for lease terms are set correctly according to your organization's policies.
  
  
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for lease accounting to ensure compliance with relevant standards.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as AS01 (Create Asset), AS02 (Change Asset), or AS03 (Display Asset) to review and modify asset master data.
  Customizing Path: The customizing path for lease accounting can typically be found under:
  
  SPRO > Financial Accounting > Asset Accounting > Integration with Other Components > Lease Accounting.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on lease accounting configurations.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting or Lease Management.