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

T1113 - Overview

• 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.

T1113 - Details

• 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