How To Fix T1108 - No contract condition type is assigned to incoming interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 108

• Message text: No contract condition type is assigned to incoming interest

What causes this issue?

During customizing, no contract
condition for incoming 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 T1108 - No contract condition type is assigned to incoming interest ?

  The SAP error message T1108, which states "No contract condition type is assigned to incoming interest," typically occurs in the context of contract management or financial transactions where interest calculations are involved. This error indicates that the system is unable to find a relevant condition type for calculating incoming interest on a contract.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the condition type for incoming interest has not been configured or assigned in the system.
  Incorrect Contract Settings: The contract may not have the necessary settings or parameters defined to handle incoming interest.
  Master Data Issues: There may be issues with the master data related to the contract or the financial transaction that prevent the system from identifying the correct condition type.
  Transaction Type: The transaction type being used may not be compatible with the incoming interest calculation.
  
  Solution:
  
  
  Check Condition Type Configuration:
  
  Go to the configuration settings in SAP (Transaction code: SPRO).
  Navigate to the relevant area for condition types (e.g., Sales and Distribution or Financial Accounting).
  Ensure that the condition type for incoming interest is defined and properly configured.
  
  
  
  Assign Condition Type:
  
  If the condition type is missing, you may need to create a new condition type or assign an existing one to the relevant contract or transaction.
  Use transaction code V/06 (for Sales) or the appropriate transaction for your module to assign the condition type.
  
  
  
  Review Contract Settings:
  
  Check the contract settings to ensure that all necessary parameters for interest calculation are correctly defined.
  Ensure that the contract is set up to handle incoming interest.
  
  
  
  Check Master Data:
  
  Review the master data associated with the contract to ensure that all required fields are filled out correctly.
  Make sure that the relevant business partners, materials, or accounts are correctly set up.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring condition types and handling incoming interest.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error is resolved and that incoming interest is calculated correctly.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), V/06 (for condition types), and others related to contract management.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to configuration settings or contract data.
  Consult with SAP Support: If the issue persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to resolve the T1108 error and ensure that incoming interest is correctly processed in your SAP system.