How To Fix FTR_LC048 - Payment date must fall on or after the presentation date.

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_LC - Message class for Letter of Credit

• Message number: 048

• Message text: Payment date must fall on or after the presentation date.

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC048 - Payment date must fall on or after the presentation date. ?

  The SAP error message FTR_LC048 indicates that the payment date you are trying to enter for a financial transaction must be on or after the presentation date. This error typically occurs in the context of financial transactions, such as payments or settlements, where the timing of the payment is critical.
  Cause:
  The error arises when the payment date you have specified is earlier than the presentation date. The presentation date is the date on which the payment is presented for processing, and logically, the payment cannot occur before this date.
  Solution:
  To resolve this error, you should:
  
  
  Check the Presentation Date: Verify the presentation date associated with the transaction. This date is usually set based on the terms of the transaction or the agreement with the counterparty.
  
  
  Adjust the Payment Date: Change the payment date to a date that is on or after the presentation date. Ensure that the new payment date aligns with your financial planning and cash flow requirements.
  
  
  Review Transaction Details: If you are unsure about the correct dates, review the transaction details or consult with your finance team to ensure that you are using the correct dates.
  
  
  Consult Documentation: If you are using a specific module or functionality within SAP, refer to the relevant documentation or help resources for additional context on how dates are managed in that module.
  
  
  Related Information:
  
  Transaction Types: This error is common in transactions involving financial instruments, such as loans, derivatives, or other financial contracts.
  SAP Modules: This error may be encountered in modules like SAP Treasury and Risk Management (TRM) or SAP Financial Accounting (FI).
  Date Formats: Ensure that the date formats are consistent and correctly entered in the system to avoid any misinterpretation of the dates.
  
  If the issue persists after making the necessary adjustments, it may be helpful to consult with your SAP support team or refer to SAP Notes for any known issues or patches related to this error message.