How To Fix 1F628 - Interest calculation methods for superior and sub-account do not match

SAP Error Message - Details

• Message type: E = Error

• Message class: 1F - BKK: Beziehungen

• Message number: 628

• Message text: Interest calculation methods for superior and sub-account do not match

What causes this issue?

In a hierarchy for interest compensation the interest calculation
methods must match.
For account &v1& / &v2& and the current superior account, the interest
calculation methods for condition category &v3& in currency &v4& are
different.

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?

Before you can include the account in a hierarchy for interest
compensation you will have to change the interest calculation method.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1F628 - Interest calculation methods for superior and sub-account do not match ?

  The SAP error message 1F628 indicates that there is a mismatch in the interest calculation methods between a superior account and its sub-account(s). This typically occurs in the context of financial accounting, particularly in the management of accounts that are related hierarchically.
  Cause:
  The error arises when:
  
  The superior account (parent account) has a different interest calculation method than one or more of its sub-accounts (child accounts).
  This inconsistency can lead to issues in financial reporting and interest calculations, as the system expects uniformity in how interest is calculated across related accounts.
  
  Solution:
  To resolve this error, you need to ensure that the interest calculation methods for both the superior account and its sub-accounts are aligned. Here are the steps to do this:
  
  
  Identify the Accounts:
  
  Determine which superior account and sub-accounts are involved in the error.
  
  
  
  Check Interest Calculation Methods:
  
  Go to the account settings for both the superior account and the sub-accounts.
  You can do this by navigating to the relevant transaction codes (e.g., FS00 for account master data) or through the SAP menu.
  
  
  
  Modify the Interest Calculation Method:
  
  If you find that the methods differ, you will need to change one of them to ensure they match.
  This can be done by editing the account master data for the respective accounts.
  
  
  
  Save Changes:
  
  After making the necessary adjustments, save the changes.
  
  
  
  Test the Configuration:
  
  After aligning the interest calculation methods, perform a test transaction to ensure that the error no longer appears.
  
  
  
  Related Information:
  
  Interest Calculation Methods: These methods define how interest is calculated on the accounts. Common methods include simple interest, compound interest, or specific formulas based on business requirements.
  Account Hierarchy: Understanding the relationship between superior and sub-accounts is crucial for proper financial management and reporting.
  SAP Documentation: For more detailed information, refer to SAP's official documentation or help resources related to financial accounting and account management.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant familiar with your specific SAP configuration.