How To Fix FILA_RE_APPL_MESS062 - Final due date contract &1: Fair market value is required

SAP Error Message - Details

• Message type: E = Error

• Message class: FILA_RE_APPL_MESS - Messages for Refinancing

• Message number: 062

• Message text: Final due date contract &1: Fair market value is required

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FILA_RE_APPL_MESS062 - Final due date contract &1: Fair market value is required ?

  The SAP error message FILA_RE_APPL_MESS062 typically occurs in the context of real estate management or contract management within the SAP system. This error indicates that for a specific contract, the fair market value (FMV) is required but has not been provided. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Fair Market Value: The primary cause of this error is that the fair market value for the contract in question has not been entered or is missing in the system.
  Contract Type: Certain contract types may require the fair market value to be specified for calculations related to lease agreements, asset valuations, or financial reporting.
  Configuration Issues: There may be configuration settings in the SAP system that require the fair market value to be filled in for specific contract types or scenarios.
  
  Solution:
  
  
  Enter Fair Market Value:
  
  Navigate to the contract in question within the SAP system.
  Locate the field for fair market value and enter the appropriate value.
  Save the changes and try to process the contract again.
  
  
  
  Check Contract Type Requirements:
  
  Review the specific contract type to ensure that it indeed requires a fair market value.
  If necessary, consult with your SAP administrator or functional consultant to understand the requirements for the contract type.
  
  
  
  Configuration Review:
  
  If you have access, check the configuration settings in the SAP system related to real estate management or contract management.
  Ensure that the settings align with your business requirements and that the fair market value is set as a mandatory field if needed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on handling fair market values in contracts.
  You may also find relevant notes in the SAP Support Portal that address this specific error message.
  
  
  
  User Training:
  
  Ensure that users involved in contract management are trained on the importance of entering fair market values and how to do so correctly.
  
  
  
  Related Information:
  
  SAP Modules: This error is typically related to the SAP Real Estate Management (RE) module or the Financial Accounting (FI) module.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as RECN (Contract Management) or RE80 (Display Contract) to navigate contracts effectively.
  SAP Notes: Check for any SAP Notes that may provide additional insights or patches related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further troubleshooting.