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

SAP Error Message - Details

• 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  Inactive: The contract is no longer active, and modifications are not allowed.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 SAP system and checking its status in the relevant fields.
  
  
  Change the Status: If the contract is in a status that does not allow reductions, you may need to change the status to one that does. This could involve:
  
  Reopening the contract if it is closed or inactive (if your business process allows for this).
  Ensuring that the contract is in a draft or editable state.
  
  
  
  Consult with Your SAP Administrator: If you are unsure about the status or how to change it, consult with your SAP administrator or the person responsible for contract management in your organization. They can provide guidance on the appropriate steps to take.
  
  
  Review Business Processes: Ensure that your business processes align with the SAP configuration. If reductions are frequently needed, consider whether the contract statuses and workflows need to be adjusted to accommodate this.
  
  
  Related Information:
  
  SAP Documentation: Refer to the SAP Help Portal for detailed documentation on contract management and status handling.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as ME33K (Display Contract) or ME32K (Change Contract) to manage contracts effectively.
  User Exits and Enhancements: If your organization has specific requirements, consider discussing with your development team about user exits or enhancements that could allow for more flexibility in contract status management.
  
  By following these steps, you should be able to address the error and proceed with entering the necessary reductions in your contract.