How To Fix HRPAY99LOAN055 - End of loan on &1 is in different period than complete repayment on &2

HRPAY99LOAN055 - Overview

• Message type: E = Error

• Message class: HRPAY99LOAN - International Payroll: Company Loans

• Message number: 055

• Message text: End of loan on &1 is in different period than complete repayment on &2

What causes this issue?

You want to calculate the validity end date for a company loan, for
which a complete repayment exists.
If a complete repayment exists for a loan, the loan must always end with
this payment. This means that the validity end date of the loan must be
in the same payroll period as the complete repayment.
The loan that you are processing however ends in a different payroll
period to the complete repayment. This means that the amount of the
complete repayment is too low or too high.

System Response

The system writes the calculated validity end date in the <LS>valid
until</> field.

How to fix this error?

Check the complete repayment using the repayment plan:
If the complete repayment is too low, additional repayments are
displayed in the repayment plan after the date of the complete
repayment.
If the complete repayment is too high, it cannot be deducted from the
loan balance and is therefore not displayed at all in the repayment
plan.
If necessary, delete the complete repayment and create a new complete
repayment.

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.

HRPAY99LOAN055 - Details

• The SAP error message HRPAY99LOAN055 indicates that there is a discrepancy between the end date of a loan and the date of its complete repayment. Specifically, the error states that the end of the loan period is in a different period than the complete repayment date. This can occur in payroll processing when the loan repayment schedule does not align correctly with the loan's defined end date.
  
  Cause:
  
  Mismatched Dates: The loan's end date and the repayment completion date are not in the same payroll period. This can happen if the loan was set up incorrectly or if there were changes made to the loan terms after it was created.
  Incorrect Configuration: The loan configuration in the system may not be set up correctly, leading to inconsistencies in how the loan and repayment periods are defined.
  Data Entry Errors: Manual entry errors during the setup of the loan or repayment schedule can lead to