How To Fix EPS059 - Last payment day already elapsed; PS &1 cannot be reversed

SAP Error Message - Details

• Message type: E = Error

• Message class: EPS - Payment Scheme

• Message number: 059

• Message text: Last payment day already elapsed; PS &1 cannot be reversed

What causes this issue?

You tried to reverse invoicing document &V3& - the document that
adjusted payment scheme &V1& - for &V2&. This is not possible because
the last payment date of payment scheme &V1& has already passed by &V2&.

System Response

Reversal is terminated.

How to fix this error?

Restart the transaction for reversing invoicing document &V3&. When you
do this, set the indicator <LS>keep budget billing plan</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message EPS059 - Last payment day already elapsed; PS &1 cannot be reversed ?

  The SAP error message EPS059 indicates that an attempt is being made to reverse a payment that cannot be reversed because the last payment day has already passed. This typically occurs in the context of financial transactions, particularly in accounts payable or payroll processing.
  Cause:
  
  Last Payment Day Elapsed: The system has a defined last payment day for reversing transactions. If the current date is beyond this defined date, the system will not allow the reversal.
  Configuration Settings: The configuration settings in the SAP system may have defined a specific period after which reversals are not permitted.
  Transaction Type: Certain types of transactions may have stricter rules regarding reversals.
  
  Solution:
  
  Check the Date: Verify the current date against the last payment day defined in the system. If the date has indeed passed, you will need to consider alternative solutions.
  Consult Configuration: Review the configuration settings in the SAP system to understand the rules around payment reversals. This may involve checking the settings in the Financial Accounting (FI) module.
  Manual Adjustment: If the reversal is critical, you may need to manually adjust the accounting entries or create a new transaction to correct the error.
  Contact Support: If you are unsure about how to proceed, it may be beneficial to contact your SAP support team or a consultant who can provide guidance based on your specific system configuration and business processes.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in managing payments and reversals, such as FB08 (Reverse Document) or FBL1N (Vendor Line Item Display).
  Documentation: Review SAP documentation or help files related to payment processing and reversal procedures.
  User Roles: Ensure that you have the necessary permissions to perform reversals or adjustments in the system, as user roles can affect access to certain functions.
  
  Best Practices:
  
  Regular Monitoring: Keep track of payment schedules and last payment days to avoid issues with reversals.
  Training: Ensure that users involved in financial transactions are trained on the policies and procedures regarding payment processing and reversals.
  Audit Trails: Maintain clear records of transactions and any adjustments made to ensure compliance and facilitate audits.
  
  By understanding the cause of the EPS059 error and following the suggested solutions, you can effectively manage and resolve issues related to payment reversals in SAP.