How To Fix FVD_IOA071 - Payment date (&1) is not a working day

FVD_IOA071 - Overview

• Message type: E = Error

• Message class: FVD_IOA - (New) Interest on Arrears Calculation for Loans

• Message number: 071

• Message text: Payment date (&1) is not a working day

What causes this issue?

If a payment date does not fall on a working day the payer cannot ensure
that the payment is made on time.

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?

If you want the payment date to fall on a working day, change the
payment date accordingly.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_IOA071 - Payment date (&1) is not a working day ?

  The SAP error message FVD_IOA071 indicates that the payment date specified in a transaction is not a working day. This typically occurs in financial transactions where payment processing is dependent on business days, such as in the case of bank transfers or payment runs.
  
  Cause:
  
  Non-Working Day: The specified payment date falls on a weekend (Saturday or Sunday) or a public holiday when banks are closed.
  Calendar Settings: The system's calendar settings may not recognize the specified date as a valid working day due to local holidays or non-working days defined in the system.
  
  Configuration Issues: There may be issues with the configuration of the payment calendar in the SAP system.
  
  
  Solution:
  
  Change Payment Date: Modify the payment date to a valid working day. This can be done by selecting a date that is not a weekend or holiday.
  Check Holiday Calendar: Review the holiday calendar settings in the SAP system to ensure that the correct holidays