How To Fix FTR_GUI607 - Interest rate/ price adjustments only possible if status 'contract'

FTR_GUI607 - Overview

• Message type: E = Error

• Message class: FTR_GUI - TR Transaction Management

• Message number: 607

• Message text: Interest rate/ price adjustments only possible if status 'contract'

What causes this issue?

Interest rate or price adjustments can only be created for transactions
that have the status 'contract'.

Error message extract from SAP system. Copyright SAP SE.

FTR_GUI607 - Details

• The SAP error message FTR_GUI607 indicates that an interest rate or price adjustment operation is being attempted on a financial contract that is not in the correct status. Specifically, this error occurs when the contract is not in the 'contract' status, which is required for making such adjustments.
  
  Cause:
  
  Incorrect Contract Status: The contract may be in a status that does not allow for interest rate or price adjustments. Common statuses that might lead to this error include 'draft', 'terminated', or 'closed'.
  Contract Lifecycle: The contract may have already been processed in a way that prevents further adjustments, such as being fully settled or closed.
  User Permissions: The user may not have the necessary permissions to make adjustments to contracts in certain statuses.
  
  
  Solution:
  
  Check Contract Status: Verify the current status of the contract in question. You can do this by navigating to the contract in the SAP system and checking its status.
  Change Status: If the