How To Fix FICO1296 - If You Specify an Amount and Percentage Rate, Addition Takes Place

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 296

• Message text: If You Specify an Amount and Percentage Rate, Addition Takes Place

What causes this issue?

You have entered a percentage rate or an amount.

System Response

First you calculate the amount according to the specified percentage
rate. Then, you add the amount specified in the condition to the
resulting amount.

How to fix this error?

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

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1296 - If You Specify an Amount and Percentage Rate, Addition Takes Place ?

  The SAP error message FICO1296 typically occurs in the context of financial transactions, particularly when dealing with payment terms or conditions that involve both an amount and a percentage rate. The message indicates that if both an amount and a percentage rate are specified, the system will perform an addition operation, which may not be the intended behavior.
  Cause:
  The error arises when:
  
  You are trying to enter a financial transaction (like an invoice or payment) where both an absolute amount and a percentage rate are provided.
  The system is designed to handle either an amount or a percentage rate, but not both simultaneously, as this could lead to confusion or incorrect calculations.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Input Fields: Check the fields where you are entering the amount and percentage rate. Ensure that you are only entering one of the two:
  
  If you want to specify a fixed amount, leave the percentage rate field blank.
  If you want to specify a percentage rate, leave the amount field blank.
  
  
  
  Adjust Payment Terms: If this error occurs in the context of payment terms, review the payment terms configuration in the system. Ensure that the terms are set up correctly to avoid conflicts between amount and percentage.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on how to handle financial entries in your version of SAP.
  
  
  Testing: After making adjustments, test the transaction again to ensure that the error no longer appears.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context or fixes.
  Transaction Codes: Familiarize yourself with transaction codes related to financial postings (e.g., FB60 for vendor invoices, FB70 for customer invoices) to ensure you are using the correct processes.
  User Training: If this error is common among users, consider providing training or guidelines on how to properly enter financial data in SAP to prevent similar issues in the future.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP FICO for further assistance.