How To Fix 65031 - Conversion premium requires a currency, and vice versa

SAP Error Message - Details

• Message type: E = Error

• Message class: 65 - Securities class data

• Message number: 031

• Message text: Conversion premium requires a currency, and vice versa

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 65031 - Conversion premium requires a currency, and vice versa ?

  The SAP error message 65031, "Conversion premium requires a currency, and vice versa," typically occurs in the context of financial transactions, particularly when dealing with foreign currency valuations or conversions in SAP. This error indicates that there is a mismatch or missing information regarding the currency settings in the transaction or configuration.
  Cause:
  
  Missing Currency Information: The transaction or document you are trying to process does not have a specified currency, which is required for the conversion premium calculation.
  Incorrect Configuration: The settings in the system for currency conversion or valuation may not be properly configured, leading to the system not recognizing the currency.
  Data Entry Errors: There may be errors in the data entry where the currency field is left blank or incorrectly filled.
  Inconsistent Currency Settings: The currency settings in the master data (like vendor or customer master records) may not match the currency settings in the transaction.
  
  Solution:
  
  Check Currency Fields: Ensure that all relevant currency fields in the transaction are filled out correctly. This includes checking the document currency, local currency, and any other currency-related fields.
  Review Configuration: Go to the configuration settings in SAP (transaction SPRO) and check the settings related to currency conversion and valuation. Ensure that the necessary currencies are defined and that the conversion rates are maintained.
  Validate Master Data: Check the master data for the entities involved in the transaction (e.g., customers, vendors) to ensure that the currency settings are correct and consistent.
  Re-enter Data: If the error is due to data entry, try re-entering the transaction with the correct currency information.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling currency conversion and related settings.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (to maintain exchange rates) or OB22 (to define currency types) to check and update currency settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional context or solutions specific to your version of SAP.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform currency-related transactions, as restrictions may lead to incomplete data entry.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.