How To Fix 1F601 - Several interest compensation hierarchies exist on &3 for account &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1F - BKK: Beziehungen

• Message number: 601

• Message text: Several interest compensation hierarchies exist on &3 for account &2

What causes this issue?

Several interest compensation hierarchies were found for account &v2&
in bank area &v1&.

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?

There is inconsistency on the database. Edit the interest compensation
hierarchies in such a way that only one hierarchy is valid on the
specified date.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1F601 - Several interest compensation hierarchies exist on &3 for account &2 ?

  The SAP error message 1F601 indicates that there are multiple interest compensation hierarchies defined for a specific account in the system. This can occur in the context of financial transactions where interest compensation is calculated based on different hierarchies, and the system is unable to determine which hierarchy to use for the specified account.
  Cause:
  The error typically arises due to the following reasons:
  
  Multiple Hierarchies: The account in question has been assigned multiple interest compensation hierarchies, which creates ambiguity for the system.
  Configuration Issues: There may be a misconfiguration in the interest compensation settings within the SAP system.
  Data Entry Errors: Incorrect or duplicate entries in the configuration tables related to interest compensation hierarchies.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Hierarchies:
  
  Go to the configuration settings for interest compensation in SAP (Transaction code: SPRO).
  Navigate to the relevant section where interest compensation hierarchies are defined.
  Identify the hierarchies assigned to the account in question and check for duplicates.
  
  
  
  Remove Duplicates:
  
  If you find multiple hierarchies assigned to the same account, determine which one is correct and remove or deactivate the others.
  Ensure that each account has a unique hierarchy assigned to avoid conflicts.
  
  
  
  Review Account Settings:
  
  Check the account settings in the financial accounting module to ensure that the correct hierarchy is assigned.
  Make sure that the account is configured properly for interest compensation.
  
  
  
  Test the Changes:
  
  After making the necessary adjustments, test the transaction again to see if the error persists.
  If the error is resolved, document the changes made for future reference.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific guidelines related to interest compensation hierarchies.
  
  
  
  Seek Expert Help:
  
  If you are unable to resolve the issue, consider reaching out to your SAP support team or a consultant who specializes in SAP Financials for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (Customizing), FS00 (G/L Account Master), and others that may help in navigating the configuration settings.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  Documentation: Review the SAP Help Portal for detailed documentation on interest compensation and account configuration.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.