How To Fix T1063 - Choose a condition type for the interest

T1063 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 063

• Message text: Choose a condition type for the interest

What causes this issue?

Several interest rate condition types have been allocated to the
transaction type. Select one of them.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1063 - Choose a condition type for the interest ?

  The SAP error message T1063, "Choose a condition type for the interest," typically occurs in the context of pricing or financial calculations within SAP, particularly when dealing with interest calculations in financial documents or transactions. This error indicates that the system requires a specific condition type to be defined for calculating interest, but it has not been provided.
  
  Cause:
  
  Missing Condition Type: The most common cause of this error is that the system is expecting a condition type for interest calculation, but none has been specified in the relevant configuration or transaction.
  
  Configuration Issues: The condition types may not be properly configured in the pricing procedure or may not be assigned to the relevant document type.
  Transaction Settings: The transaction or document type being used may not have the necessary settings to handle interest calculations.
  
  
  Solution:
  
  
  Define Condition Type:
  
  Go to the SAP customizing transaction (SPRO).
  Navigate to the relevant area for pricing or financial conditions.
  Define or check