How To Fix FVD_IOA116 - Calculation key date is not last day of month; remove month-end indicator

FVD_IOA116 - Overview

• Message type: E = Error

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

• Message number: 116

• Message text: Calculation key date is not last day of month; remove month-end indicator

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_IOA116 - Calculation key date is not last day of month; remove month-end indicator ?

  The SAP error message FVD_IOA116 indicates that the calculation key date you are trying to use is not the last day of the month, and the system is prompting you to remove the month-end indicator. This error typically arises in the context of financial calculations or reporting where specific date criteria must be met.
  
  Cause:
  
  Key Date Misalignment: The key date you have entered for the calculation is not the last day of the month. This is often required for month-end financial processes, such as closing entries or reporting.
  Month-End Indicator: The month-end indicator is set, but the key date does not correspond to the last day of the month, leading to a conflict.
  
  
  Solution:
  
  
  Change the Key Date: Adjust the key date to the last day of the month. You can do this by:
  
  Checking the calendar for the month in question and selecting the appropriate last day.
  If you are using a date picker, ensure