How To Fix FTR_COMS072 - Contract date must not be after end of term

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_COMS -

• Message number: 072

• Message text: Contract date must not be after end of term

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_COMS072 - Contract date must not be after end of term ?

  The SAP error message FTR_COMS072 indicates that there is an issue with the contract date in a financial transaction, specifically in the context of contract management or financial instruments. The error message states that the contract date must not be after the end of the term. This typically occurs when you are trying to create or modify a contract or financial instrument, and the specified contract date exceeds the defined end date of the term.
  Cause:
  
  Incorrect Date Entry: The contract date you have entered is later than the end date of the contract term.
  Configuration Issues: There may be issues with the configuration of the contract terms in the system.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date fields.
  Business Logic: The business rules defined in the system may not allow for a contract date that exceeds the end of the term.
  
  Solution:
  
  Check Dates: Review the contract date and the end date of the term. Ensure that the contract date is set to a date that is on or before the end date of the term.
  Modify Dates: If necessary, adjust the contract date to fall within the valid range of the contract term.
  Review Configuration: If you have access, check the configuration settings for the contract terms in the SAP system to ensure they are set up correctly.
  Consult Documentation: Refer to the SAP documentation or help resources for specific guidelines on contract management and date handling.
  Contact Support: If the issue persists and you cannot identify the cause, consider reaching out to your SAP support team or consulting with an SAP expert.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to contract management, such as FTR_CREATE for creating financial contracts or FTR_EDIT for editing them.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that address known issues.
  User Roles: Ensure that you have the appropriate permissions to create or modify contracts in the system, as restrictions may also lead to errors.
  Testing: If you are in a development or testing environment, try replicating the issue with different date combinations to better understand the constraints.
  
  By following these steps, you should be able to resolve the error message FTR_COMS072 and successfully manage your contracts within SAP.