How To Fix FICO1194 - Payment currency not allowed when entering percentage rate

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 194

• Message text: Payment currency not allowed when entering percentage 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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1194 - Payment currency not allowed when entering percentage rate ?

  The SAP error message FICO1194, which states "Payment currency not allowed when entering percentage rate," typically occurs in the context of financial transactions, particularly when dealing with payment terms or conditions that involve percentage calculations. This error indicates that the system does not allow the specified payment currency to be used in conjunction with a percentage rate.
  Cause:
  
  Currency Configuration: The payment currency may not be configured correctly in the system. This could be due to settings in the payment terms or the vendor/customer master data.
  Payment Terms: The payment terms defined for the transaction may not support the use of a percentage rate in the specified currency.
  Master Data Issues: The vendor or customer master data may have restrictions or settings that do not allow the specified payment currency.
  Transaction Type: The type of transaction being processed may not support percentage rates in the selected currency.
  
  Solution:
  
  Check Payment Terms: Review the payment terms associated with the transaction. Ensure that they are set up to allow percentage rates in the specified payment currency.
  Review Currency Settings: Verify the currency settings in the configuration. Ensure that the payment currency is allowed for the relevant transaction types.
  Vendor/Customer Master Data: Check the vendor or customer master data for any restrictions related to the payment currency. Make sure that the currency is allowed for the specific vendor or customer.
  Transaction Type: Ensure that the transaction type you are using supports the use of percentage rates in the specified currency.
  Consult Documentation: Refer to SAP documentation or consult with your SAP support team for specific configuration settings related to payment terms and currencies.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  Transaction Codes: Familiarize yourself with transaction codes related to payment terms (e.g., OBB8 for payment terms configuration) and vendor/customer master data (e.g., XK02 for vendor changes, XD02 for customer changes).
  Testing: After making changes, perform testing to ensure that the error is resolved and that transactions can be processed as expected.
  
  If the issue persists after checking these areas, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP FICO for further assistance.