How To Fix OIUVL583 - Contract is not valid for Tax and Royalty Reimbursement

OIUVL583 - Overview

• Message type: E = Error

• Message class: OIUVL - E&P Valuation

• Message number: 583

• Message text: Contract is not valid for Tax and Royalty Reimbursement

What causes this issue?

The Starting date and the Ending date range of the Contract must be
valid for the entire date range of the Tax and Royalty Reimbursement
record

System Response

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

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OIUVL583 - Contract is not valid for Tax and Royalty Reimbursement ?

  The SAP error message OIUVL583, which states "Contract is not valid for Tax and Royalty Reimbursement," typically occurs in the context of managing contracts related to tax and royalty reimbursements in SAP's Oil and Gas or similar industry modules. Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes:
  
  Contract Status: The contract may not be in an active or valid status. It could be expired, inactive, or not yet approved.
  Contract Type: The contract type may not be configured to allow for tax and royalty reimbursements.
  Missing Data: Required fields or data related to tax and royalty reimbursement may be missing or incorrectly entered in the contract.
  
  Configuration Issues: There may be configuration settings in the SAP system that do not align with the requirements for tax and royalty reimbursements.
  Authorization Issues: The user may not have the necessary permissions to access or process the contract for tax and royalty