How To Fix T1110 - No int. rate adjustment condition type assigned for outgoing interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 110

• Message text: No int. rate adjustment condition type assigned for outgoing interest

What causes this issue?

During customizing, no interest rate adjustment condition 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 T1110 - No int. rate adjustment condition type assigned for outgoing interest ?

  The SAP error message T1110, "No int. rate adjustment condition type assigned for outgoing interest," typically occurs in the context of financial transactions involving interest calculations, particularly in the area of treasury or financial accounting. This error indicates that the system is unable to find a condition type for interest rate adjustments related to outgoing interest payments.
  Cause:
  
  Missing Configuration: The most common cause of this error is that the necessary condition type for interest rate adjustments has not been configured in the system.
  Incorrect Assignment: The condition type may be incorrectly assigned or not assigned at all in the relevant pricing procedure.
  Master Data Issues: The master data for the financial transaction may not have the required settings or may be incomplete.
  Transaction Type: The transaction type being processed may not be set up to handle outgoing interest correctly.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for interest calculation (e.g., Financial Accounting > Accounts Payable > Interest Calculation).
  Ensure that the condition types for interest rate adjustments are defined and properly configured.
  
  
  
  Assign Condition Type:
  
  In the pricing procedure, ensure that the condition type for outgoing interest is assigned correctly.
  You can check this in the transaction code V/08 (for pricing procedures) or V/06 (for condition types).
  
  
  
  Review Master Data:
  
  Check the master data for the vendor or customer involved in the transaction to ensure that all necessary fields related to interest calculations are filled out correctly.
  
  
  
  Transaction Type Configuration:
  
  Verify that the transaction type being used is configured to handle outgoing interest. This may involve checking the settings in the relevant financial module.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO, V/08, V/06, and others related to financial configuration.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring interest calculations and condition types.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP functional consultant or your organization's SAP support team for further assistance.