How To Fix FV047 - Value date not correct

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 047

• Message text: Value date not correct

What causes this issue?

The value date &V1& entered does not match the value date &V2&
specified when creating the list.

How to fix this error?

Leave the field empty or enter the value &V2&.
&NOTE&
If you have not yet posted the list, you can change the value date
specified during creation. To do this, go to the memo record entry
screen and choose <LS>Goto -> Change control</>. Then save the list.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV047 - Value date not correct ?

  The SAP error message FV047 ("Value date not correct") typically occurs when there is an issue with the value date specified in a financial transaction, such as a payment or a posting. This error can arise due to various reasons, and understanding the cause is essential for resolving it.
  Causes of FV047 Error
  
  
  Invalid Value Date: The value date entered may not be valid according to the company's financial calendar or the posting period. For example, it might fall on a weekend or holiday.
  
  
  Posting Period Issues: The posting period for the transaction may be closed or not open for the specified value date.
  
  
  Date Format Issues: The date format used may not be recognized by the system, leading to an invalid date error.
  
  
  Configuration Settings: There may be configuration settings in the financial module that restrict certain value dates based on company policies or regulations.
  
  
  Currency Issues: If the transaction involves multiple currencies, the value date may not align with the currency exchange rates available for that date.
  
  
  Solutions to FV047 Error
  
  
  Check the Value Date: Verify that the value date entered is correct and falls within the acceptable range defined by your organization’s financial calendar.
  
  
  Open Posting Period: Ensure that the posting period for the value date is open. You can check this in the transaction code OB52, where you can view and adjust the posting periods.
  
  
  Correct Date Format: Make sure that the date is entered in the correct format as per your system settings. This may vary based on regional settings.
  
  
  Review Configuration Settings: Consult with your SAP administrator or finance team to review any configuration settings that may restrict the use of certain value dates.
  
  
  Currency Exchange Rates: If applicable, check the currency exchange rates for the specified value date to ensure they are maintained in the system.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for additional guidance on handling value date issues.
  
  
  Related Information
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger), F-53 (Post Outgoing Payments), and OB52 (Manage Posting Periods) to navigate and resolve issues effectively.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to the FV047 error message.
  
  
  User Roles and Authorizations: Ensure that you have the necessary permissions to make changes to financial transactions and posting periods.
  
  
  Testing in a Sandbox Environment: If possible, replicate the issue in a test or sandbox environment to troubleshoot without affecting live data.
  
  
  By following these steps, you should be able to identify the cause of the FV047 error and implement the appropriate solution. If the issue persists, consider reaching out to your SAP support team for further assistance.