How To Fix FVD_LOCAC039 - Date (periodic charge) and term start date should be identical

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 039

• Message text: Date (periodic charge) and term start date should be identical

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOCAC039 - Date (periodic charge) and term start date should be identical ?

  The SAP error message FVD_LOCAC039 indicates that there is a mismatch between the date of a periodic charge and the term start date in a financial transaction or contract. This error typically arises in the context of financial services, particularly in leasing or loan management modules where periodic charges are applied.
  Cause:
  The error occurs when:
  
  The date specified for a periodic charge does not match the term start date of the contract or agreement.
  There may be a configuration issue or data entry error where the dates are set incorrectly.
  The periodic charge is being processed for a date that is outside the expected range of the contract's validity.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Dates: Verify the periodic charge date and the term start date in the relevant contract or agreement. Ensure that they are identical.
  
  
  Adjust Dates: If the dates do not match, you may need to adjust either the periodic charge date or the term start date to ensure they are the same.
  
  
  Review Configuration: If this issue is recurring, review the configuration settings in the SAP system related to periodic charges and contract terms. Ensure that the settings align with your business processes.
  
  
  Data Entry: Ensure that data entry processes are followed correctly to avoid mismatches in dates. This may involve training for users who input data into the system.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling periodic charges and contract terms.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  Related Information:
  
  SAP Modules: This error is commonly encountered in modules like SAP Financial Services (FS) or SAP Contract Accounts Receivable and Payable (FI-CA).
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in reviewing contracts and charges, such as FPL9 (Display Contract) or FQEVENT (Display Event).
  Documentation: Check SAP Notes and Knowledge Base Articles (KBAs) for any known issues or patches related to this error message.
  
  By following these steps, you should be able to identify and correct the cause of the FVD_LOCAC039 error in your SAP system.