How To Fix FVD_LOS062 - Date of end of fixed period &1 is before the start date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOS - Message Class for Loan Origination

• Message number: 062

• Message text: Date of end of fixed period &1 is before the start date &2

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOS062 - Date of end of fixed period &1 is before the start date &2 ?

  The SAP error message FVD_LOS062 indicates that there is a date inconsistency in a fixed-term contract or a similar financial transaction. Specifically, the error states that the "Date of end of fixed period" is before the "start date." This typically occurs in scenarios involving lease agreements, fixed-term contracts, or any financial arrangements that have defined start and end dates.
  Cause:
  The error is caused by the following:
  
  Incorrect Date Entry: The end date of the fixed period has been entered incorrectly, making it earlier than the start date.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the date formats or values.
  Manual Entry Errors: Users may have manually entered dates in the wrong order.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Dates:
  
  Navigate to the transaction or document where the error occurred.
  Verify the start and end dates of the fixed period. Ensure that the end date is indeed after the start date.
  
  
  
  Correct the Dates:
  
  If the end date is incorrect, update it to a valid date that is after the start date.
  Save the changes and try to process the transaction again.
  
  
  
  Review Data Migration:
  
  If this error arose after a data migration, review the migration scripts or processes to ensure that date values were transferred correctly.
  Correct any discrepancies in the source data if necessary.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance related to the transaction you are working with.
  
  
  
  Seek Help from IT Support:
  
  If you are unable to resolve the issue, consider reaching out to your IT support team or SAP consultant for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Depending on the context, you may be working with transaction codes like FVD1, FVD2, or others related to contract management or financial transactions.
  SAP Notes: Check for any relevant SAP Notes that might address known issues or provide additional guidance on handling date-related errors.
  User Training: Ensure that users are trained on the importance of entering dates correctly to avoid similar issues in the future.
  
  By following these steps, you should be able to resolve the FVD_LOS062 error and ensure that your fixed-term contracts or financial transactions are processed correctly.