How To Fix T6012 - In contract type loans select FI posting (3 or 4)

SAP Error Message - Details

• Message type: E = Error

• Message class: T6 - Treasury: Customizing messages

• Message number: 012

• Message text: In contract type loans select FI posting (3 or 4)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message T6012 - In contract type loans select FI posting (3 or 4) ?

  The SAP error message T6012 typically occurs in the context of contract management, particularly when dealing with loan contracts. This error indicates that there is an issue with the configuration of the contract type related to financial postings.
  Cause:
  The error message "In contract type loans select FI posting (3 or 4)" suggests that the contract type you are trying to use for loans does not have the appropriate financial posting settings configured. Specifically, it indicates that the contract type must be set to allow for financial postings (FI postings) of type 3 or 4.
  Solutions:
  To resolve this error, you can follow these steps:
  
  
  Check Contract Type Configuration:
  
  Go to the configuration settings for the contract type in SAP. This can typically be found in the Customizing (SPRO) settings under the relevant module (e.g., Contract Management).
  Navigate to the section where contract types are defined and check the settings for the specific contract type you are using for loans.
  
  
  
  Set FI Posting Type:
  
  Ensure that the contract type is configured to allow for financial postings. You need to set the FI posting type to either 3 (for posting to the general ledger) or 4 (for posting to the special ledger).
  If the current setting is not 3 or 4, change it accordingly and save the configuration.
  
  
  
  Review Related Settings:
  
  Check if there are any other related settings that might affect the contract type, such as account determination or posting rules.
  Ensure that all necessary configurations for loan contracts are correctly set up.
  
  
  
  Test the Configuration:
  
  After making the changes, test the contract type by creating a new loan contract to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP functional consultant for guidance on the appropriate configuration for your specific business requirements.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO for configuration or OBY6 for financial accounting settings.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance on configuring contract types for loans.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the T6012 error and successfully configure your loan contract type for financial postings.