How To Fix REITOR042 - Option rate was last used before start or after end of &3 &2

SAP Error Message - Details

• Message type: E = Error

• Message class: REITOR - RE: Input Tax Treatment - Option Rate Determination

• Message number: 042

• Message text: Option rate was last used before start or after end of &3 &2

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What causes this issue?

You attempted to change or delete an option rate method from &V3& &V2&
that was last used on the &V1& for input tax distributions.

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

The posting date of the document, the input tax of which was already
distributed with this option record, is outside the validity period of
the current object. Since option records are always only determined in
the validity period, the last option record of the object was used for
input tax distribution. The change that you want to make would lead to
another option record for this object.

System Response

How to fix this error?

You have to reverse all input tax distributions that have taken place
with the current option record before you can make the change.

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 REITOR042 - Option rate was last used before start or after end of &3 &2 ?

  The SAP error message REITOR042 indicates that there is an issue with the option rate being used in a transaction. Specifically, it means that the option rate was last used either before the start date or after the end date of the relevant period defined in the system. This typically occurs in the context of financial transactions involving options or derivatives.
  Cause:
  
  Date Mismatch: The option rate you are trying to use is not valid for the date of the transaction. This could happen if the transaction date falls outside the validity period of the option rate.
  Configuration Issues: The option rates may not be properly configured in the system, leading to incorrect date ranges.
  Data Entry Errors: There may be a mistake in the transaction date or the option rate being selected.
  
  Solution:
  
  Check Transaction Dates: Verify the date of the transaction you are trying to process. Ensure that it falls within the validity period of the option rate.
  Review Option Rate Validity: Go to the configuration settings for option rates in SAP and check the validity dates. Make sure that the option rate you are trying to use is active for the date of the transaction.
  Update Option Rates: If the option rate is outdated or not valid for the required period, you may need to update or create a new option rate that covers the necessary date range.
  Consult Documentation: Refer to the SAP documentation or help resources for specific instructions on managing option rates and their validity periods.
  Contact Support: If you are unable to resolve the issue, 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 in SAP that deal with option rates and financial instruments, such as transaction codes for managing financial instruments or derivatives.
  SAP Notes: Check for any SAP Notes related to REITOR042 for additional insights or patches that may address known issues.
  Training and Documentation: Ensure that users involved in financial transactions are trained on how to manage option rates and understand the implications of date validity.
  
  By following these steps, you should be able to identify the cause of the REITOR042 error and implement a solution to resolve it.