How To Fix FI_E092 - No penalty interest rate maintained for a date prior to &1

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 092

• Message text: No penalty interest rate maintained for a date prior to &1

What causes this issue?

You do not have an entry in the penalty interest rates table for the
date/period prior to the baseline date of &V1&.

System Response

No penalties will be calculated.

How to fix this error?

You need to create an entry for the period preceding &V1& and maintain
a penalty interest rate valid for this period by running the following
transaction:

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FI_E092 - No penalty interest rate maintained for a date prior to &1 ?

  The SAP error message FI_E092 indicates that there is no penalty interest rate maintained for a specific date prior to the date specified in the error message (represented by &1). This error typically occurs in the context of financial transactions, particularly when dealing with overdue payments or interest calculations.
  Cause:
  The primary cause of this error is that the system is attempting to calculate penalty interest for a date where no interest rate has been defined in the system. This can happen if:
  
  The penalty interest rates have not been maintained in the configuration for the relevant period.
  The date for which the penalty interest is being calculated is earlier than the date for which the interest rates are defined.
  There may be a gap in the interest rate configuration, meaning that there is no valid interest rate for the specified date.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Interest Rate Configuration:
  
  Go to the transaction code OBBA (or the relevant configuration transaction) to maintain penalty interest rates.
  Verify that the interest rates are defined for the required periods, especially for dates prior to the one indicated in the error message.
  
  
  
  Maintain Missing Rates:
  
  If you find that there are missing rates for the required dates, you will need to add the appropriate penalty interest rates for those periods.
  Ensure that the rates are correctly defined and activated.
  
  
  
  Review Date Logic:
  
  Ensure that the date being processed is correct and that it aligns with your business logic. If the date is incorrect, you may need to adjust the transaction or document date.
  
  
  
  Test the Changes:
  
  After making the necessary changes, test the transaction again to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration or the required rates, consult the SAP documentation or your organization's financial policies regarding penalty interest.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBBA: Maintain penalty interest rates.
  FBL1N: Vendor line item display (to check for overdue items).
  FBL3N: G/L account line item display (to check for overdue items).
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to penalty interest calculations.
  
  
  
  User Roles:
  
  Ensure that you have the necessary authorizations to make changes to the interest rate configuration.
  
  
  
  By following these steps, you should be able to resolve the FI_E092 error and ensure that penalty interest calculations are performed correctly in your SAP system.