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

T1102 - Overview

• 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.

T1102 - Details

• 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