How To Fix FICO1059 - Enter either a percentage rate or an interest reference rate


FICO1059 - Overview

  • Message type: E = Error

  • Message class: FICO1 -

  • Message number: 059

  • Message text: Enter either a percentage rate or an interest reference rate

  • Show details Hide details


  • Self-Explanatory Message

    Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

    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.

    Unfortunately, there isn't any extra information in this error notice.



    What else can you do?

    First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

    Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

    You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.


Smart SAP Assistant

  • What is the cause and solution for SAP error message FICO1059 - Enter either a percentage rate or an interest reference rate ?
    The SAP error message FICO1059, which states "Enter either a percentage rate or an interest reference rate," typically occurs in the context of financial transactions involving interest calculations, such as loans, credit agreements, or other financial instruments in the SAP FICO (Financial Accounting and Controlling) module.
    
    Cause: This error arises when the system expects either a specific percentage rate or a reference interest rate to be provided, but neither has been entered. This can happen in various scenarios, such as: Missing Interest Rate: When creating or modifying a financial document, the interest rate field is left blank. Incorrect Configuration: The system configuration may not be set up correctly to handle interest calculations. Data Entry Error: Users may inadvertently skip entering the required interest rate information.
    Solution: To resolve the FICO1059 error, you can take the following steps: Check Input Fields: Ensure that you have entered either a percentage rate or an interest reference rate in the relevant fields.

    Already have an account? Login here!




Instant HelpGet instant SAP help. Sign up for our Free Essentials Plan.


Related SAP Error Messages

Click the links below to see the following related messages:

Click on this link to search all SAP messages.


Rating
ERPlingo simplifies finding the accurate answers to SAP message errors. I now use every week. A must have tool for anyone working with SAP! Highly recommended!
Rate 1
Kent Bettisworth
Executive SAP Consultant