How To Fix FITVPS501 - Rheinland-Palatinate: Maximum drawing period 5 years

FITVPS501 - Overview

• Message type: E = Error

• Message class: FITVPS -

• Message number: 501

• Message text: Rheinland-Palatinate: Maximum drawing period 5 years

What causes this issue?

The drawing period you entered is greater than that allowed by law.
In Rheinland-Palatinate the maximum period is 5 years.

System Response

Rheinland-Palatinate: maximum drawing period 5 years

How to fix this error?

Reduce the interval.

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.

FITVPS501 - Details

• The SAP error message FITVPS501 typically relates to the maximum drawing period for a specific financial transaction or process within the SAP system. In this case, it indicates that the maximum drawing period is set to 5 years for the Rheinland-Palatinate region, and the transaction you are attempting to execute exceeds this limit.
  
  Cause:
  
  Configuration Settings: The error is often due to configuration settings in the SAP system that define the maximum allowable drawing period for certain financial transactions or contracts.
  Data Entry: The user may have entered a date or period that exceeds the defined maximum drawing period.
  Regulatory Compliance: The limit may be in place to comply with local regulations or financial guidelines specific to the Rheinland-Palatinate region.
  
  
  Solution:
  
  Check Configuration: Review the configuration settings in the SAP system related to the drawing periods. This may involve checking the settings in the relevant customizing transaction (e.g., SPRO) to see if the maximum drawing period