How To Fix T1116 - Transaction cannot be created without flow type for premium

T1116 - Overview

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 116

• Message text: Transaction cannot be created without flow type for premium

What causes this issue?

Several flow categories for the option premium have been allocated
to the transaction type. The system cannot create the transaction
because you have not selected one.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message T1116 - Transaction cannot be created without flow type for premium ?

  The SAP error message T1116, which states "Transaction cannot be created without flow type for premium," typically occurs in the context of financial transactions, particularly in the area of insurance or financial accounting where premium transactions are involved. This error indicates that the system requires a flow type to be defined for the premium transaction you are trying to create.
  
  Cause:
  
  Missing Flow Type: The primary cause of this error is that the flow type for the premium transaction has not been defined in the system. Flow types are used in SAP to categorize financial transactions and determine how they should be processed.
  
  Configuration Issues: There may be issues in the configuration settings related to the financial transaction types or the specific module you are working with (e.g., Insurance, Financial Accounting).
  Data Entry Errors: Sometimes, the error can arise from incorrect or incomplete data entry when trying to create the transaction.
  
  
  Solution:
  
  
  Define Flow Type:
  
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