How To Fix FTVV_MESSAGES162 - Reductions can only be entered in contract status

FTVV_MESSAGES162 - Overview

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 162

• Message text: Reductions can only be entered in contract status

What causes this issue?

You cannot enter a capital reduction when a loan has application status
or contract offer status. A reduction can only be entered in contract
status.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Reduce the commitment capital.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES162 - Reductions can only be entered in contract status ?

  The SAP error message FTVV_MESSAGES162 indicates that reductions (such as discounts or adjustments) can only be entered when the contract is in a specific status that allows for such changes. This error typically arises in the context of contract management within SAP, particularly when dealing with contracts that have certain restrictions based on their status.
  
  Cause:
  The error occurs when you attempt to enter a reduction on a contract that is not in a status that permits such modifications. Common statuses that might restrict changes include:
  
  Completed: The contract has been finalized and no further changes can be made.
  Inactive: The contract is no longer active, and modifications are not allowed.
  Closed: The contract has been closed, and no further adjustments can be made.
  
  
  Solution:
  To resolve this error, you should:
  
  
  Check the Contract Status: Verify the current status of the contract you are trying to modify. You can do this by navigating to the contract in the