How To Fix T1103 - Choose condition type for outgoing interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 103

• Message text: Choose condition type for outgoing interest

What causes this issue?

Several interest rate condition types for outgoing interest have been
allocated to this transaction type. Choose 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 T1103 - Choose condition type for outgoing interest ?

  The SAP error message T1103, which states "Choose condition type for outgoing interest," typically occurs in the context of financial transactions, particularly when dealing with interest calculations in accounts payable or receivable. This error indicates that the system is expecting a specific condition type for outgoing interest, but it has not been defined or selected.
  
  Cause:
  
  Missing Condition Type: The condition type for outgoing interest has not been set up in the pricing procedure.
  Incorrect Configuration: The pricing procedure may not be correctly configured to include the outgoing interest condition type.
  Transaction Type: The transaction being processed may not be compatible with the expected condition types.
  Master Data Issues: The vendor or customer master data may not have the necessary settings for interest calculation.
  
  
  Solution:
  
  
  Check Pricing Procedure:
  
  Go to the configuration settings for the pricing procedure in SAP (Transaction code: SPRO).
  Navigate to Sales and Distribution > Basic Functions > Pricing > Pricing Control.
  Ensure that the condition type