How To Fix FM_BP_BWRET070 - Data record not updated; transaction currency does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FM_BP_BWRET - Messages for FM Budget Preparation Retraction

• Message number: 070

• Message text: Data record not updated; transaction currency does not exist

What causes this issue?

In the Customizing for the plan data transfer from SAP Business
Warehouse (BW), it is defined that a conversion of the currency should
take place when using the current query. However, no transaction
currency was specified for the data record.

System Response

The data record is not considered in the update.

How to fix this error?

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

Procedure for System Administrators

Either define a fixed value or that the transaction currency should be
transferred from a BW object in IMG activity <LS>Define Field Assignment
</> for the field TRANS_CURR (transaction currency).
If the field assignment is correct but the data record is still not
updated, check whether the transaction currency exists in your data
source in SAP BW.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FM_BP_BWRET070 - Data record not updated; transaction currency does not exist ?

  The SAP error message FM_BP_BWRET070 indicates that a data record could not be updated because the transaction currency does not exist in the system. This error typically occurs in the context of financial transactions, particularly when dealing with budget management or financial postings in SAP.
  Cause:
  
  Missing Currency Configuration: The currency that is being used in the transaction is not defined in the system. This could happen if the currency was not set up in the relevant configuration settings.
  Incorrect Transaction Data: The transaction data being processed may reference a currency that is not valid for the specific financial document or budget.
  Master Data Issues: The master data for the relevant financial objects (like cost centers, internal orders, etc.) may not have the necessary currency settings.
  Currency Type Mismatch: There may be a mismatch between the currency type expected by the system and the currency type being used in the transaction.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check the currency settings. Ensure that the currency in question is defined and active.
  Verify that the currency is set up correctly in the relevant company code and controlling area.
  
  
  
  Review Transaction Data:
  
  Check the transaction data being processed to ensure that the correct currency is being used.
  If the transaction is being created or modified, ensure that the currency field is populated correctly.
  
  
  
  Update Master Data:
  
  Review the master data for the relevant financial objects to ensure that they are configured to accept the currency being used.
  If necessary, update the master data to include the required currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific configuration steps related to currencies in your version of SAP.
  
  
  
  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), FB50 (Enter G/L Account Document), and FMBB (Budgeting).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform transactions involving the specified currency.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.