How To Fix FVD_REPAY015 - Due date is not the last day of the month

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 015

• Message text: Due date is not the last day of the month

What causes this issue?

Although the payoff due date is not the last day of the month, the
month-end indicator is 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?

Remove the month-end indicator.

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_REPAY015 - Due date is not the last day of the month ?

  The SAP error message FVD_REPAY015 indicates that the due date you are trying to set for a repayment is not the last day of the month. This error typically occurs in the context of financial transactions, particularly in the area of loan repayments or similar financial instruments where the due date is expected to align with the end of the month.
  Cause:
  
  Business Rules: The system may have specific business rules that require repayment due dates to be set to the last day of the month. This is common in financial applications where monthly payments are expected to align with the end of the billing cycle.
  Configuration Settings: The configuration settings in the SAP system may enforce this rule, meaning that any due date that does not fall on the last day of the month will trigger this error.
  
  Solution:
  
  Change the Due Date: The simplest solution is to change the due date to the last day of the month. You can do this by selecting a date that is the last day of the month for the relevant period.
  Review Configuration: If you believe that the due date should not necessarily be the last day of the month, you may need to review the configuration settings in the SAP system. This may involve:
  
  Consulting with your SAP administrator or functional consultant to understand the business rules applied.
  Checking the configuration in the relevant financial module (e.g., Treasury and Risk Management) to see if the rule can be modified.
  
  
  Consult Documentation: Review any relevant documentation or guidelines provided by your organization regarding repayment schedules to ensure compliance with internal policies.
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any updates or patches related to this error message. Sometimes, SAP provides fixes or additional guidance on handling specific error messages.
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help you navigate the financial module more effectively (e.g., FBL1N for vendor line items, FBL3N for G/L account line items).
  Testing: If changes are made to the configuration, ensure to test the changes in a development or quality assurance environment before applying them to production.
  
  If the issue persists after trying the above solutions, it may be beneficial to reach out to SAP support or your internal IT support team for further assistance.