How To Fix EK290 - Error in loan calculation: installments divided incorrectly

SAP Error Message - Details

• Message type: E = Error

• Message class: EK - IS-U Accounts Receivable and Payable

• Message number: 290

• Message text: Error in loan calculation: installments divided incorrectly

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message EK290 - Error in loan calculation: installments divided incorrectly ?

  The SAP error message EK290, which states "Error in loan calculation: installments divided incorrectly," typically occurs in the context of loan processing within the SAP system, particularly when dealing with financial transactions or loan management. This error indicates that there is an issue with how the loan installments are being calculated or divided.
  Causes of EK290 Error
  
  
  Incorrect Loan Parameters: The loan parameters such as interest rate, loan amount, or term may not be set up correctly in the system.
  
  
  Configuration Issues: There may be issues with the configuration settings in the SAP system related to loan management or financial calculations.
  
  
  Data Entry Errors: Incorrect data entry in the loan application or related financial documents can lead to this error.
  
  
  Rounding Issues: If the installment amounts are not rounded correctly, it can lead to discrepancies in the total amount due.
  
  
  Currency Conversion Issues: If the loan involves multiple currencies, conversion rates may not be applied correctly, leading to calculation errors.
  
  
  Custom Code or Enhancements: If there are custom developments or enhancements in the loan processing area, they may not be functioning as intended.
  
  
  Solutions to EK290 Error
  
  
  Review Loan Parameters: Check the loan parameters in the system to ensure they are set up correctly. This includes verifying the interest rate, loan amount, and repayment terms.
  
  
  Check Configuration Settings: Review the configuration settings in the SAP system related to loan management. Ensure that all necessary settings are correctly configured.
  
  
  Validate Data Entry: Go through the data entered for the loan to ensure there are no mistakes. Correct any discrepancies found.
  
  
  Rounding Rules: Ensure that the rounding rules applied to the loan installments are correct and consistent with the organization's policies.
  
  
  Currency Settings: If the loan involves multiple currencies, verify that the currency conversion rates are accurate and that the system is set up to handle these conversions properly.
  
  
  Debug Custom Code: If there are any custom developments, debug the code to identify any issues that may be causing the error.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on loan calculations and configurations.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management, such as those for creating, modifying, or reviewing loan agreements.
  
  
  SAP Notes: Check for any SAP Notes related to the EK290 error, as they may provide specific fixes or patches.
  
  
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, and solutions shared.
  
  
  Testing: After making any changes, conduct thorough testing to ensure that the loan calculations are now functioning correctly and that the error does not reoccur.
  
  
  By following these steps, you should be able to identify the cause of the EK290 error and implement a solution to resolve it.