How To Fix FVD_REPAY014 - The month-end indicator has not been set for the due date

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 014

• Message text: The month-end indicator has not been set for the due date

What causes this issue?

The payoff due date is the last day of the month, but the month-end
indicator is not set.

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?

Check whether the month-end indicator should be set, taking account of
the interest calculation method.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY014 - The month-end indicator has not been set for the due date ?

  The SAP error message FVD_REPAY014 indicates that the month-end indicator has not been set for the due date in the context of financial transactions, particularly in the area of loan management or financial services. This error typically arises when trying to process a repayment or similar transaction that requires a month-end indicator to be defined for the due date.
  Cause:
  The primary cause of this error is that the system is unable to find a month-end indicator for the specified due date in the relevant configuration settings. This can happen due to:
  
  Missing Configuration: The month-end indicator may not have been set up in the system for the relevant period or due date.
  Incorrect Due Date: The due date being processed may not fall within a defined period that has a month-end indicator.
  Data Entry Error: There may be a mistake in the data entry that leads to an invalid due date.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Month-End Indicator Configuration:
  
  Navigate to the configuration settings in SAP where month-end indicators are defined (usually in the Financial Services or Loan Management module).
  Ensure that the month-end indicator is set for the relevant due date. This may involve checking the calendar settings or financial periods.
  
  
  
  Verify Due Date:
  
  Review the due date associated with the transaction that triggered the error. Ensure that it is valid and falls within a period that has been configured with a month-end indicator.
  
  
  
  Update or Create Month-End Indicators:
  
  If the month-end indicator is missing, you may need to create or update it in the system. This typically involves defining the month-end dates and linking them to the appropriate financial periods.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific instructions on how to set up month-end indicators in your version of SAP.
  
  
  
  Contact Support:
  
  If you are unable to resolve the issue through configuration changes, consider reaching out to your SAP support team or consulting with an SAP expert who can provide guidance based on your specific system setup.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in checking or configuring month-end indicators, such as SPRO for configuration settings.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.