How To Fix SE347 - Total value entered ($) exceeds target value in contract ($)

SAP Error Message - Details

• Message type: E = Error

• Message class: SE - Dienstleistungen Stammdaten Leistungsposition

• Message number: 347

• Message text: Total value entered ($) exceeds target value in contract ($)

What causes this issue?

When creating a release order against a contract, you specified a value
that exceeds the target value set out in the contract.

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?

Either change the target value in the contract or reduce the value in
the release order.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message SE347 - Total value entered ($) exceeds target value in contract ($) ?

  The SAP error message SE347, which states "Total value entered ($) exceeds target value in contract ($)," typically occurs in the context of contract management within SAP. This error indicates that the total value of the items or services you are trying to enter or process exceeds the predefined limit set in the contract.
  Cause:
  
  Contract Limit Exceeded: The total value of the items or services you are trying to enter exceeds the maximum allowable value defined in the contract.
  Incorrect Data Entry: There may be a mistake in the data entry, such as entering an incorrect quantity or price.
  Contract Configuration: The contract may not be configured correctly to allow for the expected values.
  Currency Issues: If there are currency conversions involved, discrepancies in exchange rates or currency settings may lead to this error.
  
  Solution:
  
  Review Contract Limits: Check the contract to ensure that the total value you are trying to enter does not exceed the limits set in the contract. If necessary, you may need to adjust the contract limits.
  Correct Data Entry: Verify the quantities and prices you are entering. Ensure that they are accurate and within the expected range.
  Adjust Contract Terms: If the contract needs to accommodate a higher value, you may need to amend the contract to increase the target value.
  Check Currency Settings: Ensure that the currency settings are correct and that any necessary conversions are being applied correctly.
  Consult with Contract Manager: If you are unsure about the contract limits or how to proceed, consult with the contract manager or the person responsible for contract management in your organization.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like ME33K (Display Contract) or ME32K (Change Contract) to review or modify the contract.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Permissions: Ensure that you have the necessary permissions to view or modify contracts in SAP.
  Documentation: Refer to your organization's documentation on contract management processes for specific guidelines on handling contract values.
  
  By following these steps, you should be able to resolve the SE347 error and proceed with your transaction in SAP.