How To Fix FI_E077 - Penalty interest rates have not been maintained

FI_E077 - Overview

• Message type: E = Error

• Message class: FI_E - Message Class for FM English Developers

• Message number: 077

• Message text: Penalty interest rates have not been maintained

What causes this issue?

You have not maintained the penalty interest rates table.

System Response

No interest penalties can be calculated for the vendor invoice(s)
selected for payment.

How to fix this error?

Use the following link to maintain penalty interest ratesfor a valid
period:

<DS:TRAN.OFIR>Maintain penalty interest rates</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

FI_E077 - Details

• The SAP error message FI_E077 indicates that penalty interest rates have not been maintained in the system. This error typically arises in the context of financial transactions, particularly when dealing with overdue payments or interest calculations.
  
  Cause:
  The error occurs when the system attempts to calculate penalty interest for overdue items, but the necessary interest rate data has not been configured in the system. This can happen for several reasons:
  
  Missing Configuration: The penalty interest rates have not been set up in the relevant configuration settings.
  Incorrect Settings: The settings may be incomplete or incorrectly maintained.
  Data Migration Issues: If the system has recently undergone a migration or upgrade, the interest rates may not have been transferred or set up correctly.
  
  
  Solution:
  To resolve the FI_E077 error, you need to maintain the penalty interest rates in the SAP system. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following