How To Fix FVD_IOA189 - Key date is before term start date; no postings exist

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 189

• Message text: Key date is before term start date; no postings exist

What causes this issue?

The calculation start date is before the start date of the loan term.
There are no postings displayed for this loan yet.

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?

Do not execute an interest on arrears calculation for this loan.

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_IOA189 - Key date is before term start date; no postings exist ?

  The SAP error message FVD_IOA189 indicates that a key date you are trying to use for a transaction or report is before the start date of a term (or contract). This typically occurs in the context of financial transactions, such as those related to loans, leases, or other financial agreements where terms are defined with specific start and end dates.
  Cause:
  
  Key Date Issue: The key date you are using for your transaction is earlier than the start date of the financial term or contract. This means that there are no postings or transactions that can be processed for that key date because the term has not yet begun.
  Incorrect Date Entry: The date may have been entered incorrectly, either manually or through a system process.
  Data Configuration: There may be issues with how the terms or contracts are configured in the system, leading to discrepancies in the expected dates.
  
  Solution:
  
  Check Key Date: Verify the key date you are using. Ensure that it is on or after the start date of the term or contract you are working with.
  Adjust Date: If the key date is incorrect, adjust it to a date that is valid (i.e., on or after the term start date).
  Review Contract/Term Dates: Check the start and end dates of the relevant contract or term in the system. Make sure they are set correctly and that the term is active.
  Consult Documentation: If you are unsure about the terms or how to adjust them, refer to your organization's SAP documentation or consult with your SAP administrator or support team.
  Postings Review: If you believe there should be postings for that key date, review the postings related to the term to ensure they were created correctly and are not missing.
  
  Related Information:
  
  Transaction Codes: Depending on your SAP version and configuration, you may use transaction codes like FBL1N, FBL3N, or FBL5N to review postings related to vendors, G/L accounts, or customers.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the appropriate permissions to view and modify the terms and contracts in the system.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team for further investigation.