How To Fix P4502 - No interest calculation indicator was entered for the dunning procedure

SAP Error Message - Details

• Message type: E = Error

• Message class: P4 - IS-PS: Cash Accounting

• Message number: 502

• Message text: No interest calculation indicator was entered for the dunning procedure

What causes this issue?

You set fields for posting dunning interest, but you did not enter an an
interest calculation indicator.

How to fix this error?

If you would like to define a dunning procedure without dunning interest
(such as a payment reminder), then deactivate the posting-relevant
switch.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message P4502 - No interest calculation indicator was entered for the dunning procedure ?

  The SAP error message P4502, which states "No interest calculation indicator was entered for the dunning procedure," typically occurs in the context of dunning processes in SAP. This error indicates that the system is unable to calculate interest for the dunning procedure because the necessary configuration for interest calculation is missing.
  Cause:
  The primary cause of this error is that the dunning procedure you are trying to use does not have an interest calculation indicator assigned to it. This indicator is essential for the system to know how to calculate interest on overdue payments.
  Solution:
  To resolve this error, you need to ensure that the dunning procedure is correctly configured with an interest calculation indicator. Here are the steps to do this:
  
  
  Access the Dunning Procedure Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: SPRO -> Financial Accounting -> Accounts Receivable -> Dunning -> Define Dunning Procedure.
  
  
  
  Select the Dunning Procedure:
  
  Find the dunning procedure that is causing the error.
  Click on it to edit its settings.
  
  
  
  Assign Interest Calculation Indicator:
  
  In the dunning procedure settings, look for the field labeled "Interest Calculation Indicator."
  Assign the appropriate interest calculation indicator that corresponds to your business requirements.
  
  
  
  Save Changes:
  
  After making the necessary changes, save the configuration.
  
  
  
  Test the Dunning Process:
  
  Run the dunning process again to check if the error has been resolved.
  
  
  
  Related Information:
  
  Interest Calculation Indicators: These indicators define how interest is calculated on overdue invoices. They can include parameters such as interest rates, calculation methods, and whether interest should be calculated on a daily or monthly basis.
  Dunning Procedures: Dunning procedures are used in accounts receivable to manage overdue payments. They define the steps and rules for notifying customers about their outstanding debts.
  Transaction Codes: You may use transaction codes like OBD2 to directly access the dunning procedure configuration.
  
  If the issue persists after following these steps, it may be necessary to check for additional configuration settings or consult with your SAP support team for further assistance.