How To Fix FTR_GUI542 - Planned clearing date &1 lies before contract date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 542

• Message text: Planned clearing date &1 lies before contract date &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_GUI542 - Planned clearing date &1 lies before contract date &2 ?

  The SAP error message FTR_GUI542 indicates that there is a discrepancy between the planned clearing date and the contract date in a financial transaction. Specifically, the planned clearing date is set to a date that is earlier than the contract date, which is not allowed in the system.
  Cause:
  
  Date Configuration: The planned clearing date is incorrectly set to a date that precedes the contract date.
  Data Entry Error: During the entry of transaction data, the user may have mistakenly entered the planned clearing date incorrectly.
  System Logic: The system enforces rules that prevent clearing transactions from being planned before the contract is effective.
  
  Solution:
  
  Check Dates: Review the planned clearing date and the contract date in the transaction. Ensure that the planned clearing date is on or after the contract date.
  Modify the Planned Clearing Date: If the planned clearing date is incorrect, update it to a valid date that is equal to or later than the contract date.
  Review Contract Details: If necessary, check the details of the contract to ensure that it is set up correctly and that the dates are accurate.
  Consult Documentation: If you are unsure about the correct dates, refer to the relevant documentation or consult with a financial expert or SAP consultant.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes related to financial transactions or contract management to access and modify the relevant data.
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Permissions: Ensure that you have the necessary permissions to modify the transaction data.
  Testing: After making changes, test the transaction to ensure that the error does not reoccur.
  
  By following these steps, you should be able to resolve the error message FTR_GUI542 and proceed with your financial transactions in SAP.