How To Fix TM302 - Amount financed minus down payment is less than residual value

SAP Error Message - Details

• Message type: E = Error

• Message class: TM - Messages for FIMA

• Message number: 302

• Message text: Amount financed minus down payment is less than residual value

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.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message TM302 - Amount financed minus down payment is less than residual value ?

  The SAP error message TM302 ("Amount financed minus down payment is less than residual value") typically occurs in the context of asset management or leasing transactions within the SAP system, particularly in the SAP Treasury Management (TM) module. This error indicates that the financial calculations related to a lease or financing arrangement are not aligning correctly, specifically regarding the amounts involved.
  Cause:
  The error arises when the following condition is not met:
  
  Amount Financed: This is the total amount that is being financed or leased.
  Down Payment: This is the initial payment made towards the asset or lease.
  Residual Value: This is the expected value of the asset at the end of the lease or financing period.
  
  The error occurs when:
  [ \text{Amount Financed} - \text{Down Payment} < \text{Residual Value} ]
  This means that after accounting for the down payment, the remaining financed amount is less than the expected residual value of the asset, which is not permissible in the context of the transaction.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review the Input Values:
  
  Check the values entered for the amount financed, down payment, and residual value. Ensure that they are correct and reflect the intended financial arrangement.
  
  
  
  Adjust the Down Payment:
  
  If the down payment is too high, consider reducing it to ensure that the remaining financed amount is sufficient to cover the residual value.
  
  
  
  Adjust the Residual Value:
  
  If the residual value is set too high, consider lowering it to align with the remaining financed amount after the down payment.
  
  
  
  Recalculate the Financing Terms:
  
  If there are any changes to the financing terms, ensure that all related calculations are updated accordingly.
  
  
  
  Consult Documentation:
  
  Review the relevant SAP documentation or configuration settings related to asset management and financing to ensure that all parameters are set correctly.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the values and making adjustments, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  SAP Modules: This error is primarily related to the SAP Treasury Management (TM) module, but it may also involve Asset Accounting (FI-AA) and other financial modules.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to asset management and financing, such as AS01 (Create Asset), AS02 (Change Asset), and TM01 (Create Financing).
  Configuration Settings: Ensure that the configuration settings for asset management and financing are correctly set up in the system, as incorrect settings can lead to such errors.
  
  By following these steps, you should be able to identify the cause of the TM302 error and implement the necessary corrections to resolve it.