How To Fix H1622 - Select a key date for the financing

SAP Error Message - Details

• Message type: E = Error

• Message class: H1 - Messages Used in HR Funds and Position Management

• Message number: 622

• Message text: Select a key date for the financing

What causes this issue?

If you want to carry forward the financing details, you must enter a
key date. All financing assignments valid on this date will be carried
forward to the following financial year.

System Response

Unable to carry forward financial details (since a key date was not
specified).

How to fix this error?

Enter the date (key date) on which the financing details are to be
carried forward to the following financial year.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message H1622 - Select a key date for the financing ?

  The SAP error message H1622, which states "Select a key date for the financing," typically occurs in the context of financial transactions or processes where a key date is required for financing-related activities, such as loan processing, investment management, or similar financial operations.
  Cause:
  The error is usually triggered when:
  
  Missing Key Date: The user has not specified a key date for the financing operation. A key date is essential for determining the validity of financial data, interest calculations, or other time-sensitive financial operations.
  Incorrect Configuration: There may be configuration issues in the system that do not allow for the selection of a key date.
  User Input Error: The user may have overlooked the field for entering the key date or may have entered an invalid date.
  
  Solution:
  To resolve the H1622 error, you can take the following steps:
  
  
  Select a Key Date:
  
  Go back to the transaction or screen where the error occurred.
  Look for a field labeled "Key Date" or similar.
  Enter a valid key date that is appropriate for the financing operation you are performing.
  
  
  
  Check Configuration:
  
  If you are an administrator or have access to configuration settings, check the relevant configuration for financing in the SAP system to ensure that key dates are properly set up and that there are no restrictions preventing their selection.
  
  
  
  Review Documentation:
  
  Consult the SAP documentation or help resources related to the specific transaction you are working with to understand the requirements for key dates in that context.
  
  
  
  User Training:
  
  If this error is common among users, consider providing training or guidance on how to properly enter key dates in the relevant transactions.
  
  
  
  Contact Support:
  
  If the issue persists after trying the above solutions, consider reaching out to your SAP support team or consulting with SAP support for further assistance.
  
  
  
  Related Information:
  
  Key Date Importance: In financial transactions, the key date is crucial for determining interest calculations, payment schedules, and other time-sensitive financial metrics.
  Transaction Codes: Familiarize yourself with the specific transaction codes related to financing in SAP, as the requirements for key dates may vary by transaction.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance related to the H1622 error.
  
  By following these steps, you should be able to resolve the H1622 error and proceed with your financing activities in SAP.