How To Fix 67135 - No interest calculation type in LC or FC selected

SAP Error Message - Details

• Message type: E = Error

• Message class: 67 - Loans Messages - Financial Assets Management

• Message number: 135

• Message text: No interest calculation type in LC or FC selected

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 67135 - No interest calculation type in LC or FC selected ?

  The SAP error message "67135 No interest calculation type in LC or FC selected" typically occurs in the context of financial transactions, particularly when dealing with interest calculations in the system. This error indicates that the system cannot find a valid interest calculation type for the specified local currency (LC) or foreign currency (FC) in the relevant configuration.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the interest calculation type has not been defined in the system for the relevant currency.
  Incorrect Settings: There may be incorrect or incomplete settings in the configuration for interest calculation types.
  Transaction Type: The transaction type being processed may not have an associated interest calculation type defined.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Interest Calculation Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for interest calculation (e.g., Financial Accounting > Accounts Receivable and Accounts Payable > Interest Calculation).
  Ensure that the interest calculation types for both local and foreign currencies are defined correctly.
  
  
  
  Define Interest Calculation Types:
  
  If the interest calculation types are missing, you will need to create them.
  Ensure that you assign the correct parameters and settings for the interest calculation types.
  
  
  
  Review Transaction Type Settings:
  
  Check the transaction type you are using to ensure it is correctly configured to use the appropriate interest calculation type.
  Make sure that the transaction type is linked to the correct interest calculation type in the configuration.
  
  
  
  Test the Configuration:
  
  After making changes, test the configuration by executing the transaction again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration settings, refer to SAP documentation or consult with your SAP functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (for configuration) or FBL1N/FBL5N (for account line items) to investigate further.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on interest calculation configurations.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to identify and resolve the cause of the error message "67135 No interest calculation type in LC or FC selected."