How To Fix >5704 - Specify transfer currency

SAP Error Message - Details

• Message type: E = Error

• Message class: >5 -

• Message number: 704

• Message text: Specify transfer currency

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message >5704 - Specify transfer currency ?

  The SAP error message "5704 - Specify transfer currency" typically occurs in the context of financial transactions, particularly when dealing with currency conversions or when posting documents that involve multiple currencies. This error indicates that the system requires a specific currency to be defined for the transaction, but it has not been provided.
  Cause:
  
  Missing Transfer Currency: The transfer currency (the currency in which the transaction is to be processed) has not been specified in the transaction or document.
  Configuration Issues: There may be issues with the configuration of the currency settings in the SAP system, such as missing settings for the company code or controlling area.
  Transaction Type: The transaction type being used may require a transfer currency to be specified, but it has not been set up correctly.
  
  Solution:
  
  Specify Transfer Currency: When prompted with the error, check the transaction or document you are trying to process and ensure that you specify the transfer currency. This can usually be done in the relevant field of the transaction screen.
  Check Configuration: Review the configuration settings for currencies in the SAP system:
  
  Go to the transaction code OB08 to check the exchange rates and ensure that the currencies involved are properly defined.
  Check the company code settings to ensure that the local currency and any additional currencies are correctly set up.
  
  
  Review Document Settings: If you are working with a specific document (like a purchase order or invoice), ensure that all necessary fields related to currency are filled out correctly.
  Consult Documentation: Refer to SAP documentation or help files for specific guidance on the transaction you are working with, as different transactions may have unique requirements.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), F-02 (General Posting), or MIRO (Invoice Verification) where this error might occur.
  Currency Types: Understand the different types of currencies in SAP, including local currency, document currency, and transfer currency.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for relevant notes in the SAP Support Portal.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform transactions involving multiple currencies.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.