How To Fix FSC1119 - No interest calculated on contract account &1 up to issue date

SAP Error Message - Details

• Message type: E = Error

• Message class: FSC1 - FI-CA Extended: Message Class

• Message number: 119

• Message text: No interest calculated on contract account &1 up to issue date

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FSC1119 - No interest calculated on contract account &1 up to issue date ?

  The SAP error message FSC1119, which states "No interest calculated on contract account &1 up to issue date," typically occurs in the context of financial transactions involving contract accounts, particularly in the area of interest calculation for receivables or payables.
  Cause:
  
  Issue Date: The error indicates that there is no interest calculated for the contract account up to the specified issue date. This could be due to the fact that the issue date is set before the start of the interest calculation period.
  Interest Calculation Settings: The settings for interest calculation may not be properly configured. This includes parameters such as interest calculation methods, interest rates, or the periods for which interest is applicable.
  Contract Account Status: The contract account may not be in a status that allows for interest calculation. For example, if the account is closed or inactive, interest may not be calculated.
  Data Entry Errors: There may be errors in the data entry for the contract account, such as incorrect dates or missing information.
  
  Solution:
  
  Check Issue Date: Verify the issue date and ensure it is set correctly. The issue date should be within the range of the interest calculation period.
  Review Interest Calculation Configuration: Check the configuration settings for interest calculation in the SAP system. Ensure that the interest calculation method, rates, and periods are correctly defined.
  Contract Account Status: Ensure that the contract account is active and eligible for interest calculation. If the account is closed or inactive, you may need to reactivate it or adjust its status.
  Data Validation: Review the data entered for the contract account to ensure there are no errors or missing information that could affect interest calculation.
  Run Interest Calculation: If the settings are correct and the issue date is valid, try running the interest calculation process again to see if the error persists.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as F.53 (for interest calculation) or F.54 (for interest calculation display) to manage and review interest calculations.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on interest calculation issues.
  Documentation: Refer to SAP documentation or help files related to contract accounts and interest calculation for more detailed information on configuration and troubleshooting.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.