How To Fix FINS_REV_REC030 - For execution type 'Calculate' use the principal currency-display

FINS_REV_REC030 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 030

• Message text: For execution type 'Calculate' use the principal currency-display

What causes this issue?

The calculation of event based revenue recognition is requested, but the
chosen displayed currency is different from the principal currency of
revenue recognition.

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?

In case of a calculation you need to choose the principal currency as
displayed currency, since for event based revenue recognition the
re-evaluation is done in its principal currency always.
If the term 'principal currency' is turned off, the company code
currency takes the role of the principal currency.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC030 - Details

• The SAP error message FINS_REV_REC030 typically occurs in the context of revenue recognition processes, particularly when dealing with the execution type 'Calculate'. This error indicates that the system expects the principal currency to be displayed for the calculation process.
  
  Cause:
  The error is generally caused by one of the following issues:
  
  
  Currency Configuration: The system is not set up to display the principal currency for the relevant transaction or report. This can happen if the currency settings in the configuration are not aligned with the requirements of the revenue recognition process.
  
  
  Missing Data: There may be missing or incorrect data in the relevant master data or transaction data that prevents the system from executing the calculation correctly.
  
  
  User Settings: The user settings or parameters may not be configured to display the principal currency, leading to this error during execution.
  
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Go to the configuration settings for