How To Fix FICO1116 - Adjustment required in the case of interest references

FICO1116 - Overview

• Message type: E = Error

• Message class: FICO1 -

• Message number: 116

• Message text: Adjustment required in the case of interest references

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1116 - Adjustment required in the case of interest references ?

  The SAP error message FICO1116, which states "Adjustment required in the case of interest references," typically occurs in the context of financial accounting and controlling (FICO) when there are discrepancies or issues related to interest calculations or references in the system. This error can arise in various scenarios, such as during the posting of interest calculations, adjustments, or when processing financial documents.
  Causes:
  
  Interest Calculation Issues: The error may occur if the interest calculation parameters are not set correctly, leading to discrepancies in the expected versus actual interest amounts.
  Missing or Incorrect Configuration: If the configuration for interest calculation (e.g., interest types, calculation methods) is incomplete or incorrect, it can trigger this error.
  Reference Document Issues: The error may arise if there are issues with the reference documents used for interest calculations, such as missing or incorrect data.
  Posting Period Issues: If the posting period is closed or not open for the transaction being processed,