How To Fix 1G328 - No valid interest penalty condition for date &1

SAP Error Message - Details

• Message type: E = Error

• Message class: 1G - BKK: Konditionen

• Message number: 328

• Message text: No valid interest penalty condition for date &1

What causes this issue?

You have set up the posting of interest penalty in the master data of
the account. However, there are no conditions for interest penalty
for the current posting date.

How to fix this error?

Check your settings and, if necessary, enter valid interest penalty
conditions.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1G328 - No valid interest penalty condition for date &1 ?

  The SAP error message 1G328 ("No valid interest penalty condition for date &1") typically occurs in the context of financial transactions, particularly when dealing with interest penalties in accounts receivable or accounts payable. This error indicates that the system could not find a valid condition record for calculating interest penalties for the specified date.
  Cause:
  
  Missing Condition Records: The most common cause is that there are no valid condition records for the interest penalty in the system for the specified date.
  Incorrect Date: The date provided may not fall within the range of valid condition records.
  Configuration Issues: There may be issues with the configuration of the interest penalty conditions in the pricing procedure.
  Master Data Issues: The customer or vendor master data may not be set up correctly to allow for interest penalties.
  
  Solution:
  
  
  Check Condition Records:
  
  Go to the transaction code VK11 (Create Condition) or VK12 (Change Condition) to check if there are valid condition records for the interest penalty.
  Ensure that the condition records are created for the relevant date and that they are active.
  
  
  
  Review Date:
  
  Verify that the date you are using is correct and falls within the valid range of the condition records.
  
  
  
  Configuration Review:
  
  Check the configuration settings for interest penalties in the pricing procedure. This can be done in the transaction code SPRO (SAP Reference IMG) under:
  
  Financial Accounting (New) > Accounts Receivable and Accounts Payable > Business Transactions > Interest Calculation > Define Interest Calculation.
  
  
  Ensure that the necessary settings are in place for the interest penalty conditions.
  
  
  
  Master Data Check:
  
  Review the customer or vendor master data to ensure that the relevant fields for interest penalties are correctly filled out.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for more detailed information on setting up interest penalties and condition records.
  
  
  
  Testing:
  
  After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: VK11, VK12, SPRO
  Interest Calculation: Understanding how interest penalties are calculated in SAP can help in troubleshooting.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.