How To Fix T1111 - Choose int. rate adjustment condition type for outgoing interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 111

• Message text: Choose int. rate adjustment condition type for outgoing interest

What causes this issue?

Several contract 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 T1111 - Choose int. rate adjustment condition type for outgoing interest ?

  The SAP error message T1111, which states "Choose int. rate adjustment condition type for outgoing interest," typically occurs in the context of financial transactions involving interest calculations, particularly in the area of treasury or loan management. This error indicates that the system requires a specific condition type for calculating outgoing interest rates, but it has not been defined or selected.
  Cause:
  
  Missing Configuration: The condition type for outgoing interest has not been configured in the system.
  Incorrect Settings: The settings for the interest calculation may not be properly defined in the relevant configuration areas.
  Transaction Type: The transaction you are trying to execute may not have the necessary parameters set up for interest calculation.
  
  Solution:
  
  
  Define Condition Type:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for interest calculation (e.g., Treasury and Risk Management or Financial Accounting).
  Look for the section related to condition types and ensure that a condition type for outgoing interest is defined.
  If it is not defined, create a new condition type that meets your requirements.
  
  
  
  Assign Condition Type:
  
  After defining the condition type, ensure that it is assigned to the relevant transaction or document type.
  Check the configuration for the specific transaction you are working with to ensure that the condition type is linked correctly.
  
  
  
  Check Transaction Parameters:
  
  Review the parameters of the transaction you are trying to execute. Ensure that all necessary fields related to interest calculation are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up interest calculation for your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO for configuration, FB60 for vendor invoices, or FBL1N for vendor line items, depending on your context.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes in the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the area of finance or treasury management.