How To Fix T1113 - Choose int. rate adjustment condition type for incoming interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 113

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

What causes this issue?

Several contract condition types for incoming 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 T1113 - Choose int. rate adjustment condition type for incoming interest ?

  The SAP error message T1113, "Choose int. rate adjustment condition type for incoming interest," typically occurs in the context of financial transactions, particularly when dealing with interest calculations in the SAP system. This error indicates that the system is expecting a specific condition type for interest rate adjustments, but it has not been defined or selected correctly.
  Cause:
  
  Missing Condition Type: The condition type for incoming interest adjustments has not been set up in the system.
  Configuration Issues: The configuration for interest calculation in the relevant module (like Financial Accounting or Treasury) may not be complete or correctly defined.
  Transaction Settings: The transaction you are trying to execute may not have the necessary settings or parameters defined for handling interest adjustments.
  
  Solution:
  
  
  Define Condition Type:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for interest calculation (e.g., Financial Accounting > Accounts Receivable and Accounts Payable > Interest Calculation).
  Check if the condition type for incoming interest is defined. If not, create a new condition type or adjust the existing one.
  
  
  
  Assign Condition Type:
  
  Ensure that the condition type is assigned to the relevant pricing procedure or transaction type.
  This can usually be done in the same configuration area where you defined the condition type.
  
  
  
  Check Transaction Parameters:
  
  Review the transaction you are executing to ensure that all necessary parameters for interest calculation are correctly set.
  Make sure that the relevant master data (like customer/vendor records) is also configured to use the correct condition type.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message. Sometimes, SAP releases notes that address known issues or provide additional configuration guidance.
  Documentation: Refer to SAP documentation for detailed information on configuring interest calculations and condition types.
  User Forums: Consider checking SAP community forums or user groups for discussions related to this error, as other users may have encountered and resolved similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with an SAP functional consultant who specializes in the relevant module to get more tailored assistance.