How To Fix FZ575 - Bill of exchange in expiring currency has a due date that is too late

SAP Error Message - Details

• Message type: E = Error

• Message class: FZ - Payment Transactions

• Message number: 575

• Message text: Bill of exchange in expiring currency has a due date that is too late

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FZ575 - Bill of exchange in expiring currency has a due date that is too late ?

  The SAP error message FZ575 indicates that there is an issue with a bill of exchange (BoE) in an expiring currency that has a due date that exceeds the allowed limits set in the system. This typically occurs when the due date of the bill of exchange is later than the expiration date of the currency in which it is denominated.
  Cause:
  
  Currency Expiration: The currency used for the bill of exchange has an expiration date set in the system, and the due date of the bill of exchange is beyond this expiration date.
  Configuration Settings: The system may have specific settings that restrict the due dates of financial instruments based on the currency's validity.
  Data Entry Error: There may have been an error in entering the due date or the currency details when creating the bill of exchange.
  
  Solution:
  
  Check Currency Validity: Verify the expiration date of the currency in question. You can do this by checking the currency settings in the SAP system (transaction code OX15 or similar).
  Adjust Due Date: If the due date of the bill of exchange is indeed set too late, you will need to adjust it to a date that is within the valid range of the currency.
  Review Configuration: If necessary, review the configuration settings related to bills of exchange and currency expiration in your SAP system to ensure they align with your business requirements.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on handling bills of exchange and currency expiration issues.
  Contact Support: If the issue persists or if you are unsure about making changes, consider reaching out to your SAP support team or a consultant for assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as F-02 (General Posting), F-53 (Outgoing Payments), and F-28 (Incoming Payments) for managing financial documents.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Exits and Enhancements: If your organization has custom enhancements, ensure that they are not interfering with the standard processing of bills of exchange.
  
  By following these steps, you should be able to resolve the FZ575 error and ensure that your bills of exchange are processed correctly within the SAP system.