How To Fix FTR_COMS016 - &1: Payment date &2 is greater than end of deal &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMS -

• Message number: 016

• Message text: &1: Payment date &2 is greater than end of deal &3

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMS016 - &1: Payment date &2 is greater than end of deal &3 ?

  The SAP error message FTR_COMS016 indicates that there is an issue with a payment date in a financial transaction, specifically that the payment date you are trying to enter is greater than the end date of the deal. This typically occurs in the context of financial instruments or contracts managed within the SAP system, such as loans, derivatives, or other financial transactions.
  Cause:
  The error arises when:
  
  You are attempting to process a payment (e.g., interest payment, principal repayment) for a financial deal.
  The payment date you specified is beyond the end date of the deal, which means that the deal has already concluded, and no further payments should be processed.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Payment Date: Verify the payment date you are trying to enter. Ensure that it is within the valid range of the deal's start and end dates.
  
  
  Review the Deal Details: Look at the details of the financial deal in question. Confirm the end date of the deal and ensure that the payment you are trying to process is indeed valid.
  
  
  Adjust the Payment Date: If the payment date is incorrect, adjust it to a date that is on or before the deal's end date.
  
  
  Modify the Deal (if necessary): If the payment date is correct and you need to process a payment after the deal's end date, you may need to extend the deal or create a new deal that encompasses the payment.
  
  
  Consult Documentation: Refer to your organization's internal documentation or SAP help resources for specific guidelines on handling financial transactions and payment processing.
  
  
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or a financial consultant who is familiar with your organization's SAP configuration.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to financial transactions, such as FTR_EDIT (to edit financial transactions) or FTR_LIST (to list financial transactions).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Permissions: Ensure that you have the necessary permissions to process payments and modify financial deals in the SAP system.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.