How To Fix FICO1423 - Condition &1 and condition &2 have different interest calculation methods

SAP Error Message - Details

• Message type: E = Error

• Message class: FICO1 -

• Message number: 423

• Message text: Condition &1 and condition &2 have different interest calculation methods

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICO1423 - Condition &1 and condition &2 have different interest calculation methods ?

  The SAP error message FICO1423 indicates that there is a conflict between the interest calculation methods for two different conditions in a financial transaction. This typically occurs in the context of interest calculation for loans, receivables, or payables where multiple conditions are applied, and they must be compatible in terms of how interest is calculated.
  Cause:
  The error arises when:
  
  Two conditions (e.g., condition types for interest) are set up with different methods of calculating interest. For example, one condition might be set to calculate interest on a simple interest basis, while another might be set to calculate on a compound interest basis.
  The configuration in the system does not allow for the combination of these two different methods for the same transaction.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Review Condition Types: Check the configuration of the condition types involved (Condition &1 and Condition &2). You can do this in the SAP configuration settings under:
  
  SPRO ? Financial Accounting ? Accounts Receivable and Accounts Payable ? Interest Calculation ? Define Interest Calculation Methods.
  
  
  
  Align Calculation Methods: Ensure that both conditions use the same interest calculation method. If they are meant to be used together, they must be compatible.
  
  
  Adjust Transaction Data: If the conditions are correct but the transaction data is causing the conflict, review the transaction to ensure that the correct conditions are applied and that they are compatible.
  
  
  Consult Documentation: Refer to SAP documentation or help files for more detailed information on how to configure interest calculation methods and conditions.
  
  
  Testing: After making changes, test the transaction again to ensure that the error is resolved.
  
  
  Related Information:
  
  Interest Calculation Methods: Understanding the different methods of interest calculation (simple vs. compound) is crucial for configuring conditions correctly.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  User Exits and BAdIs: If custom logic is involved, review any user exits or Business Add-Ins (BAdIs) that might affect interest calculation.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP FICO consultant or your internal SAP support team for further assistance.