How To Fix FICO1196 - Parallel interest conditions not allowed (see long text)

FICO1196 - Overview

• Message type: E = Error

• Message class: FICO1 -

• Message number: 196

• Message text: Parallel interest conditions not allowed (see long text)

What causes this issue?

You attempted to edit two conditions from the <ZK>Nominal Interest</>
category and the same entries for currency and possibly
differentiations.

System Response

Parallel interest conditions are currently not supported. The conditions
thus contain errors.

How to fix this error?

Use only one condition type from the <ZK>Nominal Interest</> condition
category.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

FICO1196 - Details

• The SAP error message FICO1196, which states "Parallel interest conditions not allowed (see long text)," typically occurs in the context of financial transactions involving interest calculations in the SAP system, particularly in the Financial Accounting (FI) and Controlling (CO) modules.
  
  Cause:
  This error arises when there are conflicting interest conditions defined for a financial transaction. In SAP, interest conditions can be set up to calculate interest on overdue payments or other financial obligations. However, the system does not allow multiple interest conditions to be applied simultaneously to the same transaction, which leads to this error.
  
  Solution:
  To resolve the FICO1196 error, you can take the following steps:
  
  
  Review Interest Conditions: Check the interest conditions that are set up for the transaction in question. Ensure that there are no overlapping or conflicting conditions that would cause the system to attempt to apply multiple interest calculations.
  
  
  Adjust Configuration: If you find that multiple interest conditions are defined, you