How To Fix /PM0/ALT_PL_MESSAGE001 - Settlement Policy Loan: &1 Is Not an Interest Payer

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALT_PL_MESSAGE -

• Message number: 001

• Message text: Settlement Policy Loan: &1 Is Not an Interest Payer

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALT_PL_MESSAGE001 - Settlement Policy Loan: &1 Is Not an Interest Payer ?

  The SAP error message /PM0/ALT_PL_MESSAGE001 indicates that there is an issue with the settlement policy for a loan, specifically that the entity or account identified by &1 is not recognized as an interest payer. This can occur in the context of managing loans and their associated interest payments within the SAP system.
  Cause:
  
  Incorrect Configuration: The account or entity specified may not be configured correctly in the system to be recognized as an interest payer.
  Missing Master Data: The necessary master data for the account or entity may be incomplete or missing.
  Incorrect Settlement Policy: The settlement policy assigned to the loan may not align with the requirements for interest payments.
  Data Entry Error: There may be a typographical error in the account number or identifier being used.
  
  Solution:
  
  
  Check Configuration:
  
  Verify the configuration settings for the loan and the associated accounts in the SAP system. Ensure that the account is set up as an interest payer.
  Navigate to the relevant configuration settings in the SAP system (e.g., SPRO) and check the settings for loan management and interest calculation.
  
  
  
  Review Master Data:
  
  Ensure that the master data for the account or entity is complete and correctly set up. This includes checking the account type and ensuring it is marked as an interest payer.
  You can check the master data in transaction codes like BP (Business Partner) or FSP0 (for financial accounts).
  
  
  
  Examine Settlement Policy:
  
  Review the settlement policy assigned to the loan. Ensure that it is appropriate for the type of loan and that it includes provisions for interest payments.
  If necessary, modify the settlement policy to include the correct interest payer settings.
  
  
  
  Correct Data Entry:
  
  Double-check the account number or identifier being used in the transaction that triggered the error. Ensure there are no typographical errors.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring loans and interest payments.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and BP (Business Partner) for checking account details.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary permissions to view and modify loan and interest payer settings.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary corrections to resolve it.