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

FINS_REV_REC123 - Overview

• 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.

FINS_REV_REC123 - Details

• 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