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

1F601 - Overview

• 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.

1F601 - Details

• 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