How To Fix /PMG/MASS_SIMU_MESG005 - Contract &1: Premium (Before Tax) is &2, Premium (After Tax) is &3

SAP Error Message - Details

• Message type: E = Error

• Message class: /PMG/MASS_SIMU_MESG -

• Message number: 005

• Message text: Contract &1: Premium (Before Tax) is &2, Premium (After Tax) is &3

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 /PMG/MASS_SIMU_MESG005 - Contract &1: Premium (Before Tax) is &2, Premium (After Tax) is &3 ?

  The SAP error message /PMG/MASS_SIMU_MESG005 typically relates to discrepancies in premium calculations for contracts in the context of insurance or financial services. The message indicates that there is a mismatch between the premium before tax and the premium after tax for a specific contract.
  Cause:
  
  Calculation Error: The premium before tax and after tax may not be calculated correctly due to incorrect tax rates or formulas.
  Data Entry Issues: There may be incorrect data entered in the contract details, leading to mismatched premium values.
  Configuration Issues: The system configuration for tax calculations may not be set up correctly, leading to discrepancies.
  Changes in Tax Regulations: If there have been recent changes in tax laws or rates, the system may not have been updated accordingly.
  
  Solution:
  
  Review Contract Data: Check the contract details for any incorrect entries related to premium amounts or tax rates.
  Verify Tax Configuration: Ensure that the tax configuration in the system is correct and reflects the current tax regulations.
  Recalculate Premiums: If there are discrepancies, recalculate the premiums to ensure that the before-tax and after-tax amounts align correctly.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling premium calculations and tax configurations.
  Contact Support: If the issue persists, consider reaching out to SAP support or your internal IT team for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use specific transaction codes to access contract details or tax configuration settings, such as SPRO for configuration or VA03 for viewing contracts.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide patches related to premium calculations.
  Testing: After making changes, conduct thorough testing to ensure that the premium calculations are now correct and that the error message no longer appears.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.