How To Fix FQ784 - Interest indicator specified &1 does not exist in &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FQ - Payment Requests and Payment Program

• Message number: 784

• Message text: Interest indicator specified &1 does not exist in &2

What causes this issue?

The interest indicator &V1& could not be found for currency &V2& in the
Customizing table.

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 if the interest indicator is stored and if the date and currency
are valid.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQ784 - Interest indicator specified &1 does not exist in &2 ?

  The SAP error message FQ784 indicates that the interest indicator specified in a transaction does not exist in the specified configuration or master data. This error typically arises in the context of financial transactions, particularly when dealing with interest calculations in accounts receivable or accounts payable.
  Cause:
  
  Missing Interest Indicator: The interest indicator that you are trying to use has not been defined in the system.
  Incorrect Configuration: The configuration settings for interest indicators may not be set up correctly in the relevant financial module.
  Data Entry Error: There may be a typo or incorrect entry in the transaction where the interest indicator is specified.
  Master Data Issues: The master data for the customer or vendor may not have the necessary interest indicator assigned.
  
  Solution:
  
  
  Check Interest Indicator Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the relevant section for interest calculation (e.g., Accounts Receivable or Accounts Payable).
  Ensure that the interest indicator you are trying to use is defined and active.
  
  
  
  Create or Modify Interest Indicator:
  
  If the interest indicator does not exist, you may need to create it.
  Use the appropriate transaction (e.g., OBA3 for interest calculation) to define a new interest indicator.
  
  
  
  Verify Master Data:
  
  Check the master data for the customer or vendor involved in the transaction.
  Ensure that the correct interest indicator is assigned to the master record.
  
  
  
  Review Transaction Entry:
  
  Double-check the transaction entry where the error occurred.
  Ensure that the interest indicator is entered correctly without any typos.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on how to configure interest indicators.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO (Customizing)
  OBA3 (Define Interest Calculation)
  OBA4 (Define Interest Calculation for Customers)
  OBA5 (Define Interest Calculation for Vendors)
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to interest indicators and their configuration.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration or master data.
  
  
  By following these steps, you should be able to resolve the FQ784 error and ensure that the interest indicator is correctly set up in your SAP system.