How To Fix FVD_LOS061 - Charges condition type &1 contains an amount but a percentage is required

SAP Error Message - Details

• Message type: E = Error

• Message class: FVD_LOS - Message Class for Loan Origination

• Message number: 061

• Message text: Charges condition type &1 contains an amount but a percentage is required

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FVD_LOS061 - Charges condition type &1 contains an amount but a percentage is required ?

  The SAP error message FVD_LOS061 indicates that there is an issue with a condition type in a financial transaction where an amount is provided, but the system expects a percentage instead. This typically occurs in the context of financial services, such as loan processing or billing, where certain conditions are defined to calculate fees or charges based on percentages rather than fixed amounts.
  Cause:
  
  Incorrect Condition Type Configuration: The condition type defined in the pricing procedure may be set up to expect a percentage value, but the transaction is providing a fixed amount.
  Data Entry Error: During the entry of transaction data, an amount may have been mistakenly entered instead of a percentage.
  Inconsistent Master Data: The master data for the relevant financial product or service may not align with the expected configuration for condition types.
  
  Solution:
  
  
  Check Condition Type Configuration:
  
  Go to the configuration settings for the condition type in the SAP system (transaction code SPRO).
  Verify that the condition type is correctly set up to accept either an amount or a percentage as required by your business process.
  
  
  
  Review Transaction Data:
  
  Check the transaction where the error occurred. Ensure that the correct values are being entered for the condition types.
  If a percentage is required, make sure to enter a percentage value instead of a fixed amount.
  
  
  
  Adjust Master Data:
  
  Review the master data associated with the financial product or service to ensure it is configured correctly.
  Make any necessary adjustments to ensure consistency with the expected condition types.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the condition types and their expected values.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Condition Types: In SAP, condition types are used to define how pricing is calculated. They can be configured to accept different types of values (amounts, percentages, etc.).
  Pricing Procedure: The pricing procedure determines the sequence and logic of how condition types are applied in a transaction.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), VA01 (for sales order creation), or FBL1N (for vendor line items) to navigate through the system effectively.
  
  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 services within SAP.