How To Fix EIN602 - Bank charges are higher than financial document value.

SAP Error Message - Details

• Message type: E = Error

• Message class: EIN - Foreign Trade: General Messages - Continuation

• Message number: 602

• Message text: Bank charges are higher than financial document value.

Self-Explanatory Message

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• What is the cause and solution for SAP error message EIN602 - Bank charges are higher than financial document value. ?

  The SAP error message EIN602, which states "Bank charges are higher than financial document value," typically occurs during the processing of bank statements or when reconciling bank transactions. This error indicates that the bank charges associated with a transaction exceed the total value of the financial document being processed. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Bank Charges Exceeding Document Value: The primary cause of this error is that the bank charges (fees, commissions, etc.) that are being applied to a transaction are greater than the amount of the financial document (e.g., payment, invoice).
  Incorrect Configuration: There may be incorrect settings in the bank master data or in the configuration of the payment processing that leads to this discrepancy.
  Data Entry Errors: Manual entry errors when inputting transaction values or bank charges can also lead to this issue.
  Currency Conversion Issues: If the transaction involves multiple currencies, fluctuations in exchange rates may result in bank charges appearing higher than expected.
  
  Solution:
  
  Review Bank Charges: Check the bank statement or transaction details to confirm the actual bank charges. Ensure that they are correctly recorded in the system.
  Adjust Financial Document Value: If the bank charges are legitimate and should be accounted for, consider adjusting the financial document value to accommodate the charges.
  Configuration Check: Review the configuration settings for bank processing in SAP. Ensure that the bank master data and payment processing settings are correctly set up.
  Manual Adjustment: If necessary, manually adjust the bank charges in the transaction to ensure they do not exceed the document value.
  Consult with Finance Team: Collaborate with your finance or accounting team to ensure that the charges are valid and to determine the appropriate course of action.
  Error Handling: If this error occurs frequently, consider implementing error handling procedures or automated checks to prevent it from happening in the future.
  
  Related Information:
  
  SAP Documentation: Refer to SAP Help documentation for detailed information on bank processing and error handling.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FF67 (for manual bank statement processing) and F-28 (for incoming payments) to troubleshoot and resolve issues.
  User Exits and BAdIs: If custom logic is required, consider using user exits or Business Add-Ins (BAdIs) to handle specific scenarios related to bank charges and financial document processing.
  Training and Support: Ensure that users involved in financial transactions are adequately trained on how to handle bank charges and related errors in SAP.
  
  By following these steps, you should be able to identify the cause of the EIN602 error and implement a suitable solution.