How To Fix FTR_LC142 - Termination date cannot be before presentation payment date &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 142

• Message text: Termination date cannot be before presentation payment date &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_LC142 - Termination date cannot be before presentation payment date &1 ?

  The SAP error message FTR_LC142 indicates that there is a conflict between the termination date of a financial transaction and the presentation payment date. Specifically, the termination date cannot be set before the presentation payment date, which is a requirement in the system to ensure that the financial transaction is valid and logically consistent.
  Cause:
  
  Incorrect Date Entry: The termination date has been entered incorrectly, and it is earlier than the presentation payment date.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date entries.
  Business Logic Violation: The business rules defined in the system may require that the termination date must always be on or after the presentation payment date.
  
  Solution:
  
  Check Dates: Review the dates entered for the transaction. Ensure that the termination date is set to a date that is on or after the presentation payment date.
  Correct the Entry: If the termination date is incorrect, update it to a valid date that meets the requirement.
  Review Configuration: If this error occurs frequently, review the configuration settings in the system to ensure that the rules governing these dates are correctly defined.
  Consult Documentation: Refer to SAP documentation or your organization's guidelines for handling financial transactions to ensure compliance with business rules.
  Testing: After making changes, test the transaction again to ensure that the error no longer occurs.
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be using transaction codes related to financial transactions, such as FTR_EDIT (to edit financial transactions) or FTR_CREATE (to create new financial transactions).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that the user has the appropriate permissions to make changes to the financial transaction data.
  Consult with SAP Support: If the issue persists after checking the dates and configurations, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to resolve the error and ensure that your financial transactions are processed correctly.