How To Fix FINB_CURRENCY004 - No translation rule set for currency ID &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINB_CURRENCY - Messages for Currency Translation

• Message number: 004

• Message text: No translation rule set for currency ID &1

What causes this issue?

According to the present configuration of accounting system &v2&,
currency ID &v1& is required. However, neither an amount with this
currency ID nor a currency translation rune for this currency ID have
been entered.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Change the configuration of accounting system &v2& or adapt the
Customizing settings for currency translation rules accordingly.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINB_CURRENCY004 - No translation rule set for currency ID &1 ?

  The SAP error message FINB_CURRENCY004 indicates that there is no translation rule set for a specific currency ID in the system. This typically occurs in financial transactions where currency conversion is required, but the system cannot find the necessary rules to perform the conversion.
  Cause:
  
  Missing Translation Rules: The primary cause of this error is that the translation rules for the specified currency ID have not been defined in the system.
  Incorrect Configuration: The configuration settings for currency translation may be incomplete or incorrect.
  Currency Not Supported: The currency ID being referenced may not be supported or recognized by the system.
  Data Entry Error: There may be a typo or incorrect currency ID entered in the transaction.
  
  Solution:
  
  
  Define Translation Rules:
  
  Go to the transaction code OB22 (or the relevant configuration path) to define the currency translation rules.
  Ensure that the translation rules for the specific currency ID are set up correctly.
  
  
  
  Check Configuration:
  
  Verify the configuration settings for currency translation in the system.
  Ensure that all necessary currencies are included in the configuration.
  
  
  
  Add Missing Currencies:
  
  If the currency ID is not supported, you may need to add it to the system. This can be done through the transaction code OB08 to maintain exchange rates and ensure that the currency is recognized.
  
  
  
  Review Transaction Data:
  
  Check the transaction data for any errors or typos in the currency ID. Correct any mistakes and try the transaction again.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on setting up currency translation rules.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB08: Maintain exchange rates.
  OB22: Define translation rules for currencies.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency translation and the error message.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings and translation rules.
  
  
  Testing: After making changes, perform tests to ensure that the error no longer occurs and that currency translations are functioning as expected.
  
  
  By following these steps, you should be able to resolve the FINB_CURRENCY004 error and ensure that currency translations are properly configured in your SAP system.