How To Fix FMFEES070 - Calculating an effective amount for &1 to &2.

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFEES - Fees

• Message number: 070

• Message text: Calculating an effective amount for &1 to &2.

What causes this issue?

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

System Response

If partial payments are involved in an interest calculation, the
interest rate is not applied to the net amount of the invoice but to an
"effective" amount.
Example:
Invoice: $1000
Partial Payment $800 (paid on 04/10/06)
Calculation Period 03/31/06 to 04/30/06 = 30 days
Interest Rate: 6%
Interest charge = $1000 * 0.06 * 30 / 360 - $800 * 0.06 * 20 / 360
= ( $1000 - $800 * 20 / 30 ) * 0.06 * 30
/360
= Effective amount * percentage * period
/360

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FMFEES070 - Calculating an effective amount for &1 to &2. ?

  The SAP error message FMFEES070 typically occurs in the context of Funds Management (FM) when there is an issue with calculating an effective amount for a specific financial transaction or budget item. This error can arise due to various reasons, and understanding the cause and finding a solution is essential for resolving it.
  Cause:
  
  Incorrect Configuration: The error may be due to incorrect configuration settings in the Funds Management module, such as budget types, commitment items, or fund centers.
  Missing Data: Required data for the calculation may be missing or incomplete. This could include missing budget amounts, commitment items, or other relevant financial data.
  Data Inconsistencies: There may be inconsistencies in the data, such as mismatched or incorrect entries in the budget or commitment items.
  Authorization Issues: Sometimes, the user may not have the necessary authorizations to perform the transaction, leading to errors in calculations.
  Technical Issues: There could be underlying technical issues, such as problems with the database or application server.
  
  Solution:
  
  Check Configuration: Review the configuration settings in the Funds Management module to ensure that all settings are correct and aligned with the organization's financial processes.
  Verify Data Completeness: Ensure that all required data for the transaction is complete and accurate. Check for missing budget amounts, commitment items, and other relevant information.
  Data Consistency Check: Perform a consistency check on the data to identify any discrepancies or inconsistencies that may be causing the error.
  Authorization Review: Verify that the user has the necessary authorizations to perform the transaction. If not, work with your SAP security team to grant the required permissions.
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes or patches that may address this specific error message.
  Debugging: If the issue persists, consider debugging the transaction to identify the exact point of failure in the calculation process.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP FM, such as FMBB (Budgeting) or FMAVCR01 (Display Actual/Commitment).
  SAP Documentation: Refer to SAP's official documentation for Funds Management for detailed information on configuration and troubleshooting.
  Community Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  If the problem continues after following these steps, it may be beneficial to involve your SAP support team or consult with an SAP expert for further assistance.