How To Fix 1G246 - &1: Determination of next posting date for interest acc./def. failed

1G246 - Overview

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 246

• Message text: &1: Determination of next posting date for interest acc./def. failed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1G246 - &1: Determination of next posting date for interest acc./def. failed ?

  The SAP error message 1G246 &1: Determination of next posting date for interest acc./def. failed typically occurs in the context of financial accounting, particularly when dealing with interest calculations for accounts or deferred items. This error indicates that the system was unable to determine the next posting date for interest accruals or deferrals, which can disrupt financial processes.
  Causes:
  
  Missing Configuration: The interest calculation settings may not be properly configured in the system. This includes missing or incorrect entries in the interest calculation parameters.
  Invalid Posting Period: The posting period for the interest calculation may be closed or not open, preventing the system from determining a valid next posting date.
  Incorrect Master Data: The master data for the relevant accounts may be incomplete or incorrect, leading to issues in determining the next posting date.
  Missing Interest Calculation Records: There may be no records available for the interest calculation, which can happen if the necessary transactions