How To Fix VVOZINS011 - Charges in old currency &1: Net due date or value date is incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: VVOZINS - Balance Interest Calculation for Insurance Objects

• Message number: 011

• Message text: Charges in old currency &1: Net due date or value date is incorrect

What causes this issue?

During a currency change, charges are to be posted in the old currency.
In order to guarantee the correct interest calculation, the due date
for net payment and (as long as this has been entered) the value date
must lie on the date of the currency change.

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?

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 VVOZINS011 - Charges in old currency &1: Net due date or value date is incorrect ?

  The SAP error message VVOZINS011 indicates that there is an issue with the charges in an old currency, specifically that the net due date or value date is incorrect. This error typically arises in the context of financial transactions, particularly when dealing with foreign currency transactions or when there are changes in currency settings.
  Cause:
  
  Incorrect Date Settings: The net due date or value date for the transaction may not align with the currency settings or exchange rate validity periods.
  Currency Conversion Issues: If the transaction involves multiple currencies, the system may be unable to find a valid exchange rate for the specified dates.
  Configuration Issues: There may be configuration issues in the financial settings related to currency handling, especially if the system is set to handle multiple currencies.
  Data Entry Errors: Manual entry errors in the transaction data, such as incorrect dates or currency codes.
  
  Solution:
  
  Check Dates: Verify the net due date and value date for the transaction. Ensure that they are correct and fall within the valid range for the currency being used.
  Review Currency Settings: Check the currency settings in the SAP system. Ensure that the exchange rates are maintained correctly for the relevant dates.
  Update Exchange Rates: If the transaction involves an old currency, ensure that the exchange rates for that currency are updated and valid for the specified dates.
  Transaction Review: Review the transaction details for any discrepancies or errors in data entry. Correct any mistakes found.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling currency-related errors.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 to maintain exchange rates or FB03 to display document details.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that the user has the necessary permissions to make changes to financial transactions and currency settings.
  Testing: After making corrections, test the transaction again to ensure that the error is resolved.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.