How To Fix FINS_REV_REC123 - Please provide a currency translation date for &1 and date "&2"

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 123

• Message text: Please provide a currency translation date for &1 and date "&2"

What causes this issue?

The cited date is used as currency translation date for event based
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?

Please provide the data in the master data of the cited object.

Procedure for System Administrators

The cited date is taken from the field &V3& of the table &V4&. This
choice has been maintained in the expert customizing of the maintenance
view FINS_TRR_EVAL or FINS_TRR_EACP.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC123 - Please provide a currency translation date for &1 and date "&2" ?

  The SAP error message FINS_REV_REC123 indicates that there is a missing currency translation date for a specific account or transaction. This error typically arises in the context of revenue recognition or financial reporting, where currency conversion is necessary for accurate financial statements.
  Cause:
  The error occurs when the system requires a currency translation date for a specific account (denoted by &1) and a specific date (denoted by &2), but this information is not available or has not been provided. This can happen due to:
  
  Missing Configuration: The currency translation settings may not be properly configured in the system.
  Data Entry Issues: The user may not have entered the required currency translation date in the relevant transaction or document.
  System Settings: The system may not have the necessary exchange rates or translation dates defined for the specified period.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration:
  
  Ensure that the currency translation settings are correctly configured in the SAP system. This includes checking the settings for the relevant company code and currency types.
  
  
  
  Enter Currency Translation Date:
  
  If you are entering a transaction, make sure to provide the required currency translation date. This date should correspond to the date of the transaction or the reporting period.
  
  
  
  Maintain Exchange Rates:
  
  Verify that the exchange rates for the relevant currencies are maintained in the system for the specified date. You can do this by navigating to the transaction for maintaining exchange rates (e.g., transaction code OB08).
  
  
  
  Review Financial Documents:
  
  Check the financial documents or postings related to the error. Ensure that all necessary fields, including currency translation dates, are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling currency translation and revenue recognition processes.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FBL1N (Vendor Line Item Display), or FBL3N (G/L Account Line Item Display) to check related financial data.
  SAP Notes: Search for SAP Notes related to FINS_REV_REC123 for any known issues or patches that may address the error.
  Documentation: Review SAP Help Portal for detailed information on revenue recognition and currency translation processes.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.