How To Fix J2355 - &4 Company code &, loan &: Error when applying prepayment approach

SAP Error Message - Details

• Message type: E = Error

• Message class: J2 - Message Class for Development Class JBT

• Message number: 355

• Message text: &4 Company code &, loan &: Error when applying prepayment approach

What causes this issue?

The system was unable to successfully apply the prepayment approach for
the transaction.

System Response

The system will mark the transaction as containing errors. It can not
be processed any further.

How to fix this error?

Check your settings in Customizing (product type, condition group,
condition types, flow types, etc.).
To use the prepayment approach you should make sure that a condition
type with flow category "outflow" and the calculation category "outflow
(generic)" is defined in Customizing. A corresponding flow type also
has to assigned to it. In addition to this, the condition type must be
assigned to the relevant product type via the condition group.
You should also make sure that the system is able to correctly
determine the corresponding percentage rates for the prepayment
approach (-> user exit).
The prepayment approach generally assumes full disbursement at the
start of the transaction term. You should bear this is mind when
entering disbursements.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message J2355 - &4 Company code &, loan &: Error when applying prepayment approach ?

  The SAP error message J2355 typically indicates an issue related to the application of a prepayment approach in the context of loans or financial transactions. This error can occur for various reasons, and understanding the cause and potential solutions is essential for resolving it.
  Cause of Error J2355
  
  
  Configuration Issues: The prepayment approach may not be correctly configured in the system. This could involve settings related to the loan, company code, or the specific financial transaction.
  
  
  Data Inconsistencies: There may be inconsistencies in the data related to the loan or prepayment. This could include incorrect amounts, missing information, or mismatched company codes.
  
  
  Document Type Issues: The document type used for the transaction may not support prepayment processing, leading to this error.
  
  
  Authorization Issues: The user may not have the necessary authorizations to perform the prepayment transaction.
  
  
  System Bugs or Limitations: Occasionally, there may be bugs or limitations in the SAP system that could lead to this error.
  
  
  Solutions
  
  
  Check Configuration:
  
  Review the configuration settings for the prepayment approach in the relevant SAP modules (e.g., Financial Accounting, Treasury).
  Ensure that the loan and company code settings are correctly defined.
  
  
  
  Validate Data:
  
  Check the data associated with the loan and prepayment. Ensure that all required fields are filled out correctly and that there are no discrepancies in amounts or codes.
  
  
  
  Review Document Types:
  
  Verify that the document type being used for the transaction supports prepayment processing. If not, consider using a different document type.
  
  
  
  Authorization Check:
  
  Ensure that the user attempting the transaction has the necessary authorizations. If not, work with your SAP security team to grant the required permissions.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant notes or patches that may address this specific error. There may be known issues or updates that can resolve the problem.
  
  
  
  Testing in a Sandbox:
  
  If possible, replicate the issue in a sandbox environment to test different configurations or data inputs without affecting the production system.
  
  
  
  Contact SAP Support:
  
  If the issue persists after trying the above solutions, consider reaching out to SAP Support for further assistance. Provide them with detailed information about the error, including the company code, loan number, and any relevant transaction details.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to loan management and prepayments, such as F-28 (Post Incoming Payments) or F-53 (Post Outgoing Payments).
  Documentation: Review SAP documentation related to financial transactions and prepayment processing for additional insights and best practices.
  User Forums: Engage with SAP user communities or forums where similar issues may have been discussed, providing insights or solutions from other users' experiences.
  
  By following these steps, you should be able to identify the cause of the J2355 error and implement a suitable solution.