How To Fix FVD_LOCAC061 - Number of days between end of period and due date must be greater than &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 061

• Message text: Number of days between end of period and due date must be greater than &1

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_LOCAC061 - Number of days between end of period and due date must be greater than &1 ?

  The SAP error message FVD_LOCAC061 indicates that there is an issue with the configuration of payment terms or the due date calculation in the context of financial transactions, particularly in accounts receivable or accounts payable. The error specifically states that the number of days between the end of the period and the due date must be greater than a specified value (&1).
  Cause:
  This error typically arises due to one of the following reasons:
  
  
  Payment Terms Configuration: The payment terms defined for the transaction may not align with the expected due date calculations. For example, if the payment terms specify a due date that is too close to the end of the billing period, it can trigger this error.
  
  
  Due Date Calculation: The system is trying to calculate the due date based on the end of the billing period, and the resulting due date does not meet the required minimum number of days specified in the configuration.
  
  
  Incorrect Date Settings: There may be incorrect date settings in the transaction or master data that lead to an invalid due date.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Payment Terms:
  
  Go to the configuration settings for payment terms in SAP (Transaction code: OBB8).
  Check the payment terms assigned to the transaction and ensure that they are set up correctly.
  Make sure that the due date calculation allows for a sufficient number of days between the end of the period and the due date.
  
  
  
  Adjust Due Date:
  
  If you have control over the transaction, try adjusting the due date manually to ensure it meets the required criteria.
  Ensure that the due date is set to a date that is greater than the end of the period plus the minimum number of days specified.
  
  
  
  Check Master Data:
  
  Review the master data for the customer or vendor involved in the transaction to ensure that there are no discrepancies in the payment terms or date settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for further details on payment terms and due date calculations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for assistance, as they may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OBB8 (Payment Terms Configuration)
  FBL1N (Vendor Line Item Display)
  FBL5N (Customer Line Item Display)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  Testing: After making changes, perform tests to ensure that the error no longer occurs and that the due dates are calculated correctly.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.