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

SAP Error Message - Details

• 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.

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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 > Basic Functions > Pricing > Define Condition Types.
  
  
  Ensure that the reference interest rate is allowed for the specified condition type.
  
  
  
  Review Condition Records:
  
  Check if there are existing condition records for the condition type and reference interest rate. You can do this using transaction codes like VK11 (Create Condition) or VK12 (Change Condition).
  If necessary, create or modify the condition records to include the correct reference interest rate.
  
  
  
  Consult Documentation:
  
  Review the SAP documentation or help files related to the specific condition type and reference interest rates to ensure that you are using them correctly.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and condition records, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO, VK11, VK12, and VK13 (Display Condition) for managing condition types and records.
  SAP Notes: Search for SAP Notes related to error FICO1209 in the SAP Support Portal, as there may be specific patches or updates that address this issue.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing additional insights or solutions.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.