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

FVD_LOCAC061 - Overview

• 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.

Unfortunately, there isn't any extra information in this error notice.

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FVD_LOCAC061 - Details

• 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