How To Fix T1120 - No contract condition type is assigned to the transaction type

SAP Error Message - Details

• Message type: E = Error

• Message class: T1 - Financial instruments

• Message number: 120

• Message text: No contract condition type is assigned to the transaction type

What causes this issue?

During customizing, no condition type for the repayment was allocated
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 T1120 - No contract condition type is assigned to the transaction type ?

  The SAP error message T1120, "No contract condition type is assigned to the transaction type," typically occurs in the context of contract management or pricing procedures within SAP. This error indicates that the system cannot find a valid condition type for the specified transaction type, which is necessary for processing contracts or pricing.
  Cause:
  
  Missing Configuration: The most common cause is that the condition type has not been assigned to the relevant transaction type in the configuration settings.
  Incorrect Transaction Type: The transaction type being used may not be correctly set up to handle the specific contract or pricing conditions.
  Custom Development: If there are custom developments or modifications in the system, they may not have been properly configured to include the necessary condition types.
  Data Inconsistencies: There may be inconsistencies in the master data or transaction data that lead to this error.
  
  Solution:
  To resolve the T1120 error, follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to the relevant area for contract management or pricing (e.g., Sales and Distribution > Basic Functions > Pricing > Pricing Control).
  Ensure that the condition types are correctly assigned to the transaction types you are using.
  
  
  
  Assign Condition Types:
  
  If the condition type is missing, you will need to assign it to the transaction type. This can usually be done in the configuration settings for pricing procedures or contract management.
  Make sure that the condition type is active and properly configured.
  
  
  
  Review Transaction Type:
  
  Verify that the transaction type you are using is appropriate for the contract or pricing scenario you are working with.
  Check if there are any specific requirements or settings for that transaction type.
  
  
  
  Test with Different Data:
  
  If possible, try to replicate the issue with different data or a different transaction type to see if the problem persists.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the specific module you are working with for any additional guidance or known issues.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and data, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO, VK11, VK31, or MEK1 to access the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to access and modify the configuration settings.
  
  By following these steps, you should be able to identify and resolve the cause of the T1120 error in SAP.