How To Fix FICO1148 - &1 only allowed for overdraft interest

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 148

• Message text: &1 only allowed for overdraft interest

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 FICO1148 - &1 only allowed for overdraft interest ?

  The SAP error message FICO1148 typically indicates that there is an issue related to the configuration of interest calculation for overdrafts in the Financial Accounting (FI) and Controlling (CO) modules. The message suggests that a certain operation or transaction is being attempted that is not allowed under the current settings for overdraft interest.
  Cause:
  
  Configuration Issue: The error often arises when the system is not configured to allow the specific type of interest calculation for overdrafts. This could be due to missing settings in the interest calculation configuration.
  Transaction Type: The transaction being processed may not be compatible with the settings for overdraft interest. For example, if a payment or posting is being made that does not align with the overdraft interest rules, this error can occur.
  Account Settings: The account settings for the customer or vendor may not be set up to allow for overdraft interest calculations.
  
  Solution:
  
  
  Check Configuration: Review the configuration settings for interest calculation in the SAP system. Ensure that the settings for overdraft interest are correctly defined. This can typically be found in the Financial Accounting (FI) configuration under:
  
  Financial Accounting (New) > Accounts Receivable and Accounts Payable > Interest Calculation > Define Interest Calculation Parameters.
  
  
  
  Review Transaction Type: Ensure that the transaction you are trying to process is appropriate for overdraft interest. If necessary, adjust the transaction type or the parameters being used.
  
  
  Account Settings: Verify the settings for the specific customer or vendor account. Ensure that the account is set up to allow for overdraft interest calculations. This may involve checking the account group settings or specific account master data.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed information on the specific error message and its implications.
  
  
  Testing: After making any changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error message or provide additional guidance on configuration.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed.
  Support: If the issue persists, consider reaching out to SAP support for assistance, providing them with the error message and details of the configuration you have checked.
  
  By following these steps, you should be able to identify the cause of the FICO1148 error and implement a solution to resolve it.