How To Fix FICO1060 - You can only enter a markup/markdown with an interest reference rate

FICO1060 - Overview

• Message type: E = Error

• Message class: FICO1 -

• Message number: 060

• Message text: You can only enter a markup/markdown with an interest reference rate

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1060 - You can only enter a markup/markdown with an interest reference rate ?

  The SAP error message FICO1060, which states "You can only enter a markup/markdown with an interest reference rate," typically occurs in the context of financial transactions involving pricing conditions, particularly when dealing with interest rates in the SAP FICO (Financial Accounting and Controlling) module.
  
  Cause:
  This error usually arises when you are trying to enter a markup or markdown for a pricing condition without having a valid interest reference rate set up in the system. The system requires an interest reference rate to calculate the markup or markdown correctly. This is often relevant in scenarios involving loans, interest calculations, or financial agreements where pricing adjustments are based on interest rates.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Interest Reference Rate:
  
  Ensure that an interest reference rate is defined in the system. You can do this by navigating to the relevant configuration settings in SAP.
  Go to the transaction code OB08 (or the