How To Fix FQ743 - Enter either an interest indicator or an interest rate

FQ743 - Overview

• Message type: E = Error

• Message class: FQ - Payment Requests and Payment Program

• Message number: 743

• Message text: Enter either an interest indicator or an interest rate

What causes this issue?

To calculate the interest you can either enter an interest rate
directly or, by entering an interest indicator, you can choose an
interest rate which is stored in Customizing.
If you enter both, contradictions can arise. It is therefore not
allowed to enter an interest rate and an interest indicator..

System Response

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

How to fix this error?

Check your entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQ743 - Enter either an interest indicator or an interest rate ?

  The SAP error message FQ743, which states "Enter either an interest indicator or an interest rate," typically occurs in the context of financial transactions, particularly when dealing with interest calculations in the SAP system. This error indicates that the system requires either an interest indicator or an interest rate to proceed with the transaction.
  
  Cause:
  
  Missing Data: The most common cause of this error is that the user has not entered either an interest indicator or an interest rate in the relevant fields of the transaction.
  
  Configuration Issues: There may be configuration settings in the SAP system that require specific fields to be filled out for certain transactions.
  Transaction Type: The type of transaction being processed may require interest calculations, and if the necessary data is not provided, the system will throw this error.
  
  
  Solution:
  
  
  Enter Required Data:
  
  Go back to the transaction screen where the error occurred.
  Check the fields for interest indicator and interest rate.
  Enter either