How To Fix FVD_LOCAC062 - Gross disbursement amount includes tolerance amount

FVD_LOCAC062 - Overview

• Message type: E = Error

• Message class: FVD_LOCAC - Messages for Loan Core Account

• Message number: 062

• Message text: Gross disbursement amount includes tolerance amount

What causes this issue?

The gross disbursement amount is the sum of the available disbursement
obligation and the limit amount defined as a tolerance amount in the
settings for the product configuration.
In this case, provided that a limit is allowed, the gross disbursement
amount exceeds the available disbursement obligation.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FVD_LOCAC062 - Details

• The SAP error message FVD_LOCAC062 indicates that the gross disbursement amount includes a tolerance amount that exceeds the allowed limits. This error typically occurs in the context of financial transactions, particularly when dealing with disbursements or payments in SAP's Financial Accounting (FI) or Treasury modules.
  
  Cause:
  
  Tolerance Limits: The system has defined tolerance limits for payment differences (e.g., for cash discounts, rounding differences, etc.). If the gross disbursement amount exceeds these limits, the error will be triggered.
  
  Configuration Issues: The tolerance settings in the configuration may not align with the transaction being processed.
  Incorrect Data Entry: The amounts entered in the transaction may have been incorrectly calculated or inputted, leading to a discrepancy that exceeds the tolerance.
  
  
  Solution:
  
  
  Review Tolerance Settings:
  
  Navigate to the configuration settings for tolerance limits in SAP. This can typically be found under Financial Accounting (FI) > Accounts Receivable and Accounts Payable > Tolerance Groups.
  Check the settings for the relevant tolerance group and