How To Fix FVD_IOA075 - Key date has been shifted to the last day of the month

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 075

• Message text: Key date has been shifted to the last day of the month

What causes this issue?

The system has shifted the key date to the last day in the month because
the interest calculation method 360E or 360 has been defined for the
interest on arrears calculation in this loan.
You entered the 30th as the key date. However, this is not the last day
in the month. This would have caused problems in the next calculation
after the current calculation. The subsequent calculation starts on the
day after the current calculation, in other words on the 31st. However,
according to the interest calculation method defined, the 31st is not an
interest day. The system always calculates on the 30th. In this case the
30th would be calculated twice.
Example:
The first interest on arrears calculation on 05/30. 9.80 USD of which
0.15 USD is for 05/30.
The next interest on arrears calculation from 05/31 to 06/15. Since
the 05/31 is not an interest day, the system calculates from 05/30. In
this case the 0.15 USD is debited again.

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

If the payment date and due date are also on the key date, these dates
are also shifted.

System Response

How to fix this error?

If you do not want to calculate up to the 31st enter a different key
date.

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_IOA075 - Key date has been shifted to the last day of the month ?

  The SAP error message FVD_IOA075 indicates that the key date for a financial transaction or operation has been automatically adjusted to the last day of the month. This typically occurs in the context of financial transactions, such as interest calculations, payment processing, or other date-sensitive operations.
  Cause:
  The error is usually caused by one of the following reasons:
  
  Date Configuration: The system is configured to adjust key dates to the end of the month for certain operations. This can be due to business rules or settings in the financial module.
  Transaction Type: The specific transaction type you are trying to process may have rules that dictate that the key date must be the last day of the month.
  Data Entry Error: The key date entered may not be valid or may not align with the expected date formats or ranges, prompting the system to adjust it.
  
  Solution:
  To resolve the error, consider the following steps:
  
  Check Configuration: Review the configuration settings in the financial module to understand why the key date is being adjusted. This may involve checking the settings for the specific transaction type or the overall date handling in the system.
  Review Transaction Type: Ensure that the transaction type you are using allows for the key date you are trying to enter. If it is restricted to month-end dates, you may need to adjust your transaction accordingly.
  Data Entry Validation: Double-check the key date you are entering for any errors. Ensure that it is within the acceptable range and format as defined by your organization's policies.
  Consult Documentation: Refer to SAP documentation or your organization's internal guidelines for handling key dates in financial transactions. This may provide insights into any specific rules or exceptions that apply.
  Contact Support: If the issue persists and you cannot determine the cause, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide updates to the system that could resolve the issue.
  Transaction Codes: Familiarize yourself with transaction codes related to financial operations (e.g., FBL1N, FBL3N) to better understand how key dates are handled in different contexts.
  User Forums: Engage with SAP user forums or communities where similar issues may have been discussed, providing additional insights or solutions from other users' experiences.
  
  By following these steps, you should be able to identify the cause of the error and implement a suitable solution.