How To Fix F7123 - Select "Calc.intrst from net due date" field for this int.calc.type

SAP Error Message - Details

• Message type: E = Error

• Message class: F7 - Program Error Messages

• Message number: 123

• Message text: Select "Calc.intrst from net due date" field for this int.calc.type

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message F7123 - Select "Calc.intrst from net due date" field for this int.calc.type ?

  The SAP error message F7123, which states "Select 'Calc.intrst from net due date' field for this int.calc.type," typically occurs in the context of financial transactions, particularly when dealing with interest calculations in accounts receivable or accounts payable.
  Cause:
  This error usually arises when the system is trying to calculate interest for a transaction, but the configuration for the interest calculation type does not match the expected settings. Specifically, it indicates that the system requires the "Calc.intrst from net due date" field to be selected for the interest calculation type being used, but it is not currently selected.
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Interest Calculation Type Configuration:
  
  Go to the configuration settings for interest calculation in SAP. This can typically be found in the following path:
  
  SPRO > Financial Accounting > Accounts Receivable and Accounts Payable > Interest Calculation > Define Interest Calculation Types.
  
  
  Look for the interest calculation type that is causing the error.
  
  
  
  Modify the Interest Calculation Type:
  
  Once you find the relevant interest calculation type, check the settings.
  Ensure that the "Calc.intrst from net due date" option is selected. If it is not, select it and save your changes.
  
  
  
  Test the Configuration:
  
  After making the changes, try to execute the transaction again that was causing the error to see if the issue is resolved.
  
  
  
  Check User Authorizations:
  
  Ensure that the user executing the transaction has the necessary authorizations to perform interest calculations.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  Interest Calculation in SAP: Interest calculation is a feature in SAP that allows businesses to calculate interest on overdue invoices or payments. It is essential for managing cash flow and ensuring timely payments.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as F.28 (Interest Calculation) or F.5 (Interest Calculation for Accounts Receivable) to test and execute interest calculations.
  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 resolve the F7123 error and ensure that interest calculations are performed correctly in your SAP system.