How To Fix T4120 - Payment date for deferral must be between rollover date and EndTerm

SAP Error Message - Details

• Message type: E = Error

• Message class: T4 - Time deposit processing

• Message number: 120

• Message text: Payment date for deferral must be between rollover date and EndTerm

What causes this issue?

The payment date for deferred interest must lie between the rollover
date &V1& exclusively and the end of the term &V2&
inclusively.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T4120 - Payment date for deferral must be between rollover date and EndTerm ?

  The SAP error message T4120, which states "Payment date for deferral must be between rollover date and EndTerm," typically occurs in the context of financial transactions involving deferrals, such as in the case of loan agreements, lease agreements, or other financial instruments that involve payment schedules.
  Cause:
  This error arises when the payment date for a deferral is set outside the acceptable range defined by the rollover date and the end term of the financial agreement. Specifically, the payment date must fall between:
  
  Rollover Date: The date when the deferral is rolled over or renewed.
  End Term: The final date of the financial agreement or the last date on which payments are expected to be made.
  
  If the payment date is set before the rollover date or after the end term, SAP will trigger this error to prevent inconsistencies in the financial records.
  Solution:
  To resolve this error, you should take the following steps:
  
  
  Check Payment Date: Verify the payment date you have entered. Ensure that it falls within the range of the rollover date and the end term.
  
  
  Adjust Dates: If the payment date is incorrect, adjust it to a valid date that is between the rollover date and the end term.
  
  
  Review Rollover and End Term Dates: If necessary, review the rollover date and end term to ensure they are set correctly. If they need to be adjusted, make the necessary changes in the system.
  
  
  Consult Documentation: If you are unsure about the correct dates or how to adjust them, consult the relevant documentation or guidelines for the specific financial product you are working with.
  
  
  Test Changes: After making adjustments, re-attempt the transaction to ensure that the error is resolved.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with the relevant transaction codes in SAP that pertain to deferrals and financial agreements, such as those used for creating or modifying contracts.
  User Roles: Ensure that you have the appropriate permissions to make changes to financial agreements in SAP.
  SAP Notes: Check for any SAP Notes or updates related to this error message, as there may be specific patches or updates that address known issues.
  Consult with Finance Team: If you are part of a larger organization, it may be beneficial to consult with your finance or accounting team for guidance on handling deferrals and payment schedules.
  
  By following these steps, you should be able to resolve the T4120 error and proceed with your financial transactions in SAP.