How To Fix FICO1209 - Reference interest rate &1 not permitted for condition type &2

FICO1209 - Overview

• Message type: E = Error

• Message class: FICO1 -

• Message number: 209

• Message text: Reference interest rate &1 not permitted for condition type &2

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 FICO1209 - Reference interest rate &1 not permitted for condition type &2 ?

  The SAP error message FICO1209 indicates that there is an issue with the reference interest rate being used in conjunction with a specific condition type in the Financial Accounting (FI) and Controlling (CO) modules. This error typically arises when the reference interest rate specified is not allowed for the condition type being processed.
  
  Cause:
  
  Invalid Reference Interest Rate: The reference interest rate specified in the transaction is not defined or permitted for the condition type in the configuration.
  
  Configuration Issues: The condition type may not be set up to accept the specified reference interest rate in the pricing procedure or condition records.
  Missing Customization: The necessary customization for the condition type and reference interest rate may not have been completed in the system.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the condition type in the SAP system. This can typically be found in the SPRO transaction under:
  Financial Accounting (New) > Accounts Receivable and Accounts Payable