How To Fix AW020 - Interest indicator & is not allowed for interest on projects

SAP Error Message - Details

• Message type: E = Error

• Message class: AW - AuC messages

• Message number: 020

• Message text: Interest indicator & is not allowed for interest on projects

What causes this issue?

The interest indicator you entered cannot be used for the project
interest calculation. This may be because:
The interest indicator is not intended for interest calculations on
account balances.
The indicator "Interest calculation indicator from acct no." is set.

How to fix this error?

Enter an interest indicator, which allows interest calculations on
account balances, and in which the account number is not used as an
extended interest indicator.
Check the defined interest indicators.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AW020 - Interest indicator & is not allowed for interest on projects ?

  The SAP error message AW020, which states "Interest indicator & is not allowed for interest on projects," typically occurs in the context of project management and financial accounting within SAP. This error indicates that the interest indicator you are trying to use is not valid for the specific project or the configuration settings in your SAP system.
  Cause:
  
  Invalid Interest Indicator: The interest indicator you are trying to use may not be configured for the project type or may not be allowed for the specific project.
  Configuration Issues: The settings in the project system or financial accounting module may not allow the use of the specified interest indicator.
  Project Status: The project may be in a status that does not permit the application of interest calculations.
  Missing Customization: The interest indicator may not have been properly set up in the system, or it may not be linked to the project type.
  
  Solution:
  
  
  Check Interest Indicator Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to the relevant section for project management and financial accounting.
  Verify that the interest indicator you are trying to use is correctly configured and allowed for the project type.
  
  
  
  Review Project Settings:
  
  Check the project settings to ensure that the project is in a status that allows for interest calculations.
  Ensure that the project type supports the interest indicator you are trying to use.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to interest indicators and project management to understand the valid configurations.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue through configuration, consider reaching out to SAP support or your internal SAP team for assistance.
  
  
  
  Testing:
  
  After making any changes, test the configuration by attempting to apply the interest indicator again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Interest Calculation in SAP: Interest calculations in SAP can be complex and are often tied to specific project types, financial settings, and organizational structures.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as CJ20N (Project Builder) or CJ02 (Change Project) to review project details.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  
  By following these steps, you should be able to identify the cause of the AW020 error and implement a solution to resolve it.