How To Fix FTR_FLP121 - Start of term of contract is less then current date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_FLP - Messages for Forward Loan Transaction

• Message number: 121

• Message text: Start of term of contract is less then current date

Self-Explanatory Message

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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_FLP121 - Start of term of contract is less then current date ?

  The SAP error message FTR_FLP121 indicates that the start date of a financial contract (such as a loan, lease, or other financial transaction) is set to a date that is earlier than the current date. This typically occurs when you are trying to create or modify a financial transaction in the SAP system, and the system checks the validity of the contract dates.
  Cause:
  
  Incorrect Date Entry: The start date of the contract has been entered incorrectly, possibly due to a typographical error.
  System Date: The system date is set incorrectly, leading to a mismatch between the contract start date and the current date.
  Contract Configuration: The contract may have been configured with an invalid start date that does not align with the business rules or requirements.
  
  Solution:
  
  Check the Start Date: Review the start date of the contract you are trying to create or modify. Ensure that it is set to a date that is equal to or later than the current date.
  Adjust the Date: If the start date is incorrect, update it to a valid date that meets the requirements of your business process.
  Verify System Date: Ensure that the system date is correct. If the system date is incorrect, you may need to contact your system administrator to correct it.
  Review Contract Configuration: If the issue persists, review the configuration settings for the contract type to ensure that there are no restrictions or rules that are causing this error.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FTR_CREATE or FTR_EDIT to create or modify financial contracts.
  Documentation: Refer to SAP documentation or help files related to financial contract management for more detailed information on date settings and contract configurations.
  Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the FTR_FLP121 error and successfully manage your financial contracts in SAP.