How To Fix CMS_GENERAL029 - No valid house currency and rate type are maintained

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_GENERAL - Common Messages for CMS

• Message number: 029

• Message text: No valid house currency and rate type are maintained

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_GENERAL029 - No valid house currency and rate type are maintained ?

  The SAP error message CMS_GENERAL029 indicates that there is no valid house currency and rate type maintained in the system. This error typically occurs in the context of the SAP Cash Management or Treasury modules, where currency conversion and rate types are essential for processing financial transactions.
  Cause:
  
  Missing Configuration: The house currency or rate type has not been defined in the system. This can happen if the configuration settings for the currency management are incomplete.
  Incorrect Settings: The settings for the house currency or rate type may be incorrect or not aligned with the requirements of the transaction being processed.
  Data Inconsistency: There may be inconsistencies in the master data or transaction data that lead to the system being unable to determine the appropriate currency or rate type.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the relevant section for Cash Management or Treasury.
  Ensure that the house currency is defined correctly. This is usually found under the settings for "Define House Currency" or similar.
  Verify that the rate types are maintained under the relevant settings for currency conversion.
  
  
  
  Maintain Rate Types:
  
  Ensure that the necessary rate types are defined and active in the system. This can be done in the transaction code OB08 (Maintain Exchange Rates).
  Check if the rate type you are trying to use is available and has valid exchange rates maintained for the relevant currencies.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant entities (e.g., company codes, business areas) to ensure that the house currency is correctly assigned.
  Ensure that all relevant financial documents and transactions are correctly linked to the appropriate currency settings.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  SPRO: Customizing Implementation Guide
  OB08: Maintain Exchange Rates
  OBA1: Maintain House Bank
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring Cash Management and Treasury modules.
  Support: If the issue persists after checking the configuration and data, consider reaching out to SAP support or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the CMS_GENERAL029 error and ensure that your SAP system can process transactions involving house currencies and rate types correctly.