How To Fix FVD_REPAY347 - Loan Contract &1/&2: No selectable open items found for Payoff

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_REPAY - Messages for Payoff

• Message number: 347

• Message text: Loan Contract &1/&2: No selectable open items found for Payoff

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_REPAY347 - Loan Contract &1/&2: No selectable open items found for Payoff ?

  The SAP error message FVD_REPAY347 indicates that there are no selectable open items found for the payoff of a loan contract. This typically occurs when you are trying to process a payoff for a loan contract, but the system cannot find any open items that can be selected for this transaction.
  Causes:
  
  No Open Items: The most common cause is that there are no open items associated with the loan contract. This could mean that the loan has already been fully paid off or that there are no outstanding payments.
  Incorrect Loan Contract: The loan contract number or the associated details may have been entered incorrectly, leading to the system not finding any related open items.
  Posting Period Issues: The posting period for the loan contract may be closed, preventing any further transactions from being processed.
  Data Synchronization Issues: There may be a delay or issue in data synchronization between different modules or systems, leading to the absence of open items.
  Configuration Issues: There may be configuration settings in the SAP system that are preventing the identification of open items for the loan contract.
  
  Solutions:
  
  Check Open Items: Verify if there are indeed any open items for the loan contract. You can do this by checking the loan contract details in the system.
  Verify Contract Details: Ensure that the loan contract number and other relevant details are entered correctly. Double-check for any typos or incorrect entries.
  Review Posting Period: Check if the posting period for the loan contract is open. If it is closed, you may need to open it or process the transaction in an open period.
  Consult with Finance Team: If you suspect data synchronization issues, consult with your finance or IT team to ensure that all relevant data is up to date and synchronized across systems.
  Configuration Review: If the issue persists, it may be necessary to review the configuration settings related to loan processing in SAP. This may require assistance from a SAP consultant or technical team.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display) or FBL3N (G/L Account Line Item Display) to check for open items.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide specific guidance or fixes for known problems.
  Documentation: Review SAP documentation related to loan processing and open item management for further insights into how the system handles these transactions.
  
  If the problem continues after trying the above solutions, it may be beneficial to escalate the issue to your SAP support team for further investigation.