How To Fix T1102 - No interest condition type is assigned to outgoing interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 102

• Message text: No interest condition type is assigned to outgoing interest

What causes this issue?

During customizing, no interest condition type for outgoing interest
was assigned to the transaction type.

How to fix this error?

Contact your customizing administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1102 - No interest condition type is assigned to outgoing interest ?

  The SAP error message T1102, which states "No interest condition type is assigned to outgoing interest," typically occurs in the context of financial transactions involving interest calculations, such as in accounts receivable or accounts payable scenarios. This error indicates that the system cannot find a relevant interest condition type for outgoing interest calculations.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the system does not have a condition type defined for outgoing interest in the relevant configuration settings.
  Incorrect Settings: The interest calculation settings may not be properly configured in the financial module, leading to the absence of a valid condition type.
  Master Data Issues: The customer or vendor master data may not have the necessary settings for interest calculation.
  
  Solution:
  To resolve the T1102 error, you can follow these steps:
  
  
  Check Condition Types:
  
  Go to the transaction code V/06 (for sales) or V/07 (for purchasing) to check the condition types related to interest.
  Ensure that there is a condition type defined for outgoing interest.
  
  
  
  Define Condition Type:
  
  If no condition type exists, you may need to create one. Use transaction code V/06 to create a new condition type for outgoing interest.
  Ensure that the condition type is properly configured with the necessary settings, such as calculation type, access sequence, and other relevant parameters.
  
  
  
  Assign Condition Type:
  
  After creating or verifying the condition type, ensure that it is assigned to the relevant pricing procedure. You can do this in the configuration settings under SPRO > Sales and Distribution > Basic Functions > Pricing > Pricing Control.
  
  
  
  Check Master Data:
  
  Review the customer or vendor master data to ensure that the interest calculation settings are correctly maintained. This can be done using transaction codes FD03 (for customers) or FK03 (for vendors).
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs and that interest calculations are functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as V/06, V/07, FD03, FK03, and SPRO for configuration.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring condition types and pricing procedures.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the T1102 error and ensure that outgoing interest calculations are correctly configured in your SAP system.