How To Fix T4012 - Choose condition type for nominal interest

SAP Error Message - Details

• Message type: E = Error

• Message class: T4 - Time deposit processing

• Message number: 012

• Message text: Choose condition type for nominal interest

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message T4012 - Choose condition type for nominal interest ?

  The SAP error message T4012, which states "Choose condition type for nominal interest," typically occurs in the context of pricing or financial calculations within SAP, particularly when dealing with interest calculations in financial documents or contracts.
  Cause:
  The error usually arises due to one of the following reasons:
  
  
  Missing Configuration: The condition type for nominal interest has not been defined or configured in the system. This can happen if the necessary settings in the pricing procedure or condition records are incomplete.
  
  
  Incorrect Pricing Procedure: The pricing procedure being used does not include the condition type for nominal interest, leading to the system being unable to process the interest calculation.
  
  
  Inconsistent Data: There may be inconsistencies in the master data or transaction data that prevent the system from determining the correct condition type.
  
  
  User Authorization: The user may not have the necessary authorizations to access or modify the condition types related to nominal interest.
  
  
  Solution:
  To resolve the T4012 error, you can take the following steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant section for pricing procedures.
  Ensure that the condition type for nominal interest is defined and included in the pricing procedure being used.
  
  
  
  Define Condition Type:
  
  If the condition type for nominal interest is missing, you may need to create it. This can be done in the transaction code V/06 (for condition types) and V/08 (for pricing procedures).
  
  
  
  Review Pricing Procedure:
  
  Check the pricing procedure assigned to the relevant document type (e.g., sales order, purchase order) to ensure that it includes the nominal interest condition type.
  
  
  
  Check Condition Records:
  
  Ensure that there are valid condition records for the nominal interest condition type. You can check this using transaction code VK11 (to create) or VK12 (to change).
  
  
  
  User Authorization:
  
  Verify that the user has the necessary authorizations to access and modify the condition types. This may require coordination with your SAP security team.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as V/06, V/08, VK11, VK12, and VK13 for managing condition types and pricing procedures.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring pricing procedures and condition types.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to the T4012 error or provide additional troubleshooting steps.
  
  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 pricing and financial configurations.