How To Fix VVSCMASTERDATA053 - Prov. premium receivable suitable for clearing only for one-time payments

SAP Error Message - Details

• Message type: E = Error

• Message class: VVSCMASTERDATA -

• Message number: 053

• Message text: Prov. premium receivable suitable for clearing only for one-time payments

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VVSCMASTERDATA053 - Prov. premium receivable suitable for clearing only for one-time payments ?

  The SAP error message VVSCMASTERDATA053 indicates that the provision for premium receivables is only suitable for clearing one-time payments. This error typically arises in the context of insurance or financial transactions where premium receivables are involved.
  Cause:
  The error occurs when there is an attempt to clear a premium receivable that is not classified as a one-time payment. This can happen due to several reasons:
  
  Incorrect Payment Type: The payment being processed is not recognized as a one-time payment, which is required for the clearing process.
  Master Data Configuration: The master data for the customer or the premium receivable may not be set up correctly to allow for the clearing of regular payments.
  Transaction Type: The transaction type being used may not be compatible with the clearing process for the premium receivable.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Payment Type:
  
  Ensure that the payment you are trying to clear is indeed a one-time payment. If it is a regular payment, you may need to adjust the payment type or the transaction being processed.
  
  
  
  Review Master Data:
  
  Verify the master data settings for the customer and the premium receivable. Ensure that the settings allow for the clearing of the specific type of payment you are processing.
  
  
  
  Adjust Transaction Type:
  
  If the transaction type is incorrect, you may need to change it to one that is compatible with the clearing of premium receivables.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team to understand the specific configurations required for handling premium receivables and their clearing processes.
  
  
  
  Testing:
  
  After making the necessary adjustments, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling premium receivables.
  Transaction Codes: Familiarize yourself with relevant transaction codes in SAP that pertain to premium receivables and their clearing processes (e.g., F-32 for clearing).
  User Roles and Authorizations: Ensure that the user attempting the transaction has the necessary roles and authorizations to perform the clearing operation.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP financial modules for further assistance.