How To Fix FTVV_MESSAGES820 - Posting date of reset is before the accrual/deferral key date

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 820

• Message text: Posting date of reset is before the accrual/deferral key date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES820 - Posting date of reset is before the accrual/deferral key date ?

  The SAP error message FTVV_MESSAGES820 indicates that there is an issue with the posting date of a reset transaction being earlier than the accrual/deferral key date. This typically occurs in the context of financial postings related to accruals and deferrals, where the system enforces rules to ensure that financial data is accurately reflected in the correct accounting periods.
  Cause:
  
  Posting Date Issue: The posting date you are trying to use for the reset transaction is earlier than the key date for the accrual or deferral. This means that the system is preventing you from making a posting that would affect financial statements in a way that is not allowed.
  Accrual/Deferral Key Date: This key date is usually set based on the accounting period and is used to determine the validity of postings related to accruals and deferrals. If the reset date is before this key date, it violates the rules set by the system.
  
  Solution:
  
  Check Posting Date: Review the posting date you are trying to use for the reset transaction. Ensure that it is on or after the accrual/deferral key date.
  Adjust Posting Date: If the posting date is incorrect, adjust it to a valid date that is on or after the key date.
  Review Accrual/Deferral Settings: Check the settings for the accruals and deferrals in your SAP system to understand the key date and ensure that your transactions align with these settings.
  Consult Documentation: Refer to SAP documentation or your organization's financial policies to understand the implications of changing posting dates and how to handle accruals and deferrals correctly.
  Contact Support: If you are unable to resolve the issue, consider reaching out to your SAP support team or consulting with a financial expert who is familiar with SAP's accrual and deferral processes.
  
  Related Information:
  
  Accrual Accounting: This is an accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged. Understanding this concept can help in managing accruals and deferrals effectively.
  Deferral Accounting: This involves postponing the recognition of revenue or expenses to a future date. Familiarity with this process is crucial for accurate financial reporting.
  SAP Configuration: Ensure that your SAP system is configured correctly for handling accruals and deferrals, including the definition of key dates and posting rules.
  
  By addressing the posting date and ensuring compliance with the accrual/deferral key date, you should be able to resolve the error message FTVV_MESSAGES820.