How To Fix FQM_CORE011 - Lower limit of transaction date is &1 for company code &2 in customizing

SAP Error Message - Details

• Message type: E = Error

• Message class: FQM_CORE - Financial Quantity Management: Core Messages

• Message number: 011

• Message text: Lower limit of transaction date is &1 for company code &2 in customizing

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FQM_CORE011 - Lower limit of transaction date is &1 for company code &2 in customizing ?

  The SAP error message FQM_CORE011 indicates that there is an issue with the transaction date being outside the allowed range defined in the system for a specific company code. This error typically arises in the context of financial transactions, particularly when dealing with payment processing or financial document postings.
  Cause:
  The error message states that the transaction date you are trying to use is lower than the minimum allowed date for the specified company code. This can happen due to several reasons:
  
  Customizing Settings: The minimum transaction date might be set in the configuration for the company code, which restricts the posting of transactions before a certain date.
  Fiscal Year Settings: The fiscal year variant for the company code may have been configured to restrict postings to certain periods.
  Document Type Restrictions: Certain document types may have specific date restrictions that prevent posting before a defined date.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Customizing Settings:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Document > Document Types > Define Document Types.
  Check the settings for the relevant document type and ensure that the date restrictions are appropriate.
  
  
  
  Review Company Code Settings:
  
  In SPRO, navigate to Financial Accounting (New) > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code.
  Verify the settings for the company code in question, particularly the fiscal year variant and any date restrictions.
  
  
  
  Adjust Transaction Date:
  
  If the transaction date is indeed outside the allowed range, consider adjusting the date to a valid one that falls within the permissible limits.
  
  
  
  Consult with Your SAP Administrator:
  
  If you do not have access to the customizing settings, consult with your SAP administrator or the finance team to understand the restrictions in place and how they can be adjusted if necessary.
  
  
  
  Check for Open Periods:
  
  Ensure that the posting period is open for the transaction date you are trying to use. You can check this in the transaction code OB52 (Maintain Posting Periods).
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  SPRO: Access the SAP Customizing Implementation Guide.
  OB52: Maintain posting periods.
  
  
  Documentation: Review SAP documentation related to financial accounting and document types for more detailed information on customizing settings.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.