How To Fix FTR_TREA428 - Local currency must be specified

SAP Error Message - Details

• Message type: E = Error

• Message class: FTR_TREA - Messages for TREA

• Message number: 428

• Message text: Local currency must be specified

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTR_TREA428 - Local currency must be specified ?

  The SAP error message FTR_TREA428: Local currency must be specified typically occurs in the context of financial transactions, particularly when dealing with treasury management or financial instruments. This error indicates that the system requires a local currency to be specified for a particular transaction or entry, but it has not been provided.
  Cause:
  
  Missing Local Currency: The local currency field is either blank or not filled in the relevant transaction or master data.
  Configuration Issues: The configuration settings for the company code or the financial transaction may not be set up correctly to handle local currencies.
  Data Entry Errors: Users may have overlooked entering the local currency during data entry.
  Inconsistent Data: There may be inconsistencies in the data where the local currency is expected but not provided.
  
  Solution:
  
  Check Transaction Data: Review the transaction or entry where the error occurred and ensure that the local currency field is filled in correctly.
  Review Master Data: Ensure that the master data for the relevant financial instruments or accounts includes the local currency.
  Configuration Settings: Verify the configuration settings in the SAP system for the company code and ensure that local currency settings are correctly defined.
  
  Navigate to SPRO ? Financial Accounting ? General Ledger Accounting ? Master Data ? G/L Accounts ? Edit G/L Account Centrally and check the local currency settings.
  
  
  User Training: Ensure that users are trained to enter all required fields, including local currency, when processing transactions.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on the transaction type you are working with.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may be involved in treasury management, such as FTR_CREATE for creating financial transactions.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  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.
  
  By addressing the missing local currency and ensuring proper configuration and data entry practices, you should be able to resolve the FTR_TREA428 error.