How To Fix GLE_MCA110 - Translation date used as rate date is initial; cannot determine FnC

GLE_MCA110 - Overview

• Message type: E = Error

• Message class: GLE_MCA - Multicurrency Accounting

• Message number: 110

• Message text: Translation date used as rate date is initial; cannot determine FnC

What causes this issue?

The <DS:GLOS.3526B856AFAB52B9E10000009B38F974>translation date</> is
used as the rate date.
However, the translation date is initial, which means that the rate date
is initial, and the system cannot determine
<DS:GLOS.4BF77095AF445A53E10000000A421391>functional currency</> &v1&.

System Response

Processing is cancelled.

How to fix this error?

Enter a translation date or define a <LS>Type of Translation Date</> in
the Customizing activity
<DS:SIMG.FAGL_MCA_VMCAVAR>Define MCA Variants</>.

Procedure for System Administrators

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLE_MCA110 - Translation date used as rate date is initial; cannot determine FnC ?

  The SAP error message GLE_MCA110 indicates that there is an issue with the translation date being used as the rate date in a financial transaction. This error typically arises in the context of foreign currency valuation or when dealing with currency translations in financial accounting.
  
  Cause:
  The error occurs when the translation date (the date on which the currency conversion is supposed to take place) is not set or is initialized (i.e., it is blank or null). This means that the system cannot determine the appropriate exchange rate to apply for the currency conversion, which is necessary for accurate financial reporting.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Translation Date: Ensure that the translation date is correctly set in the transaction or document you are processing. This date should not be blank and should correspond to a valid date for which exchange rates are available.
  
  
  Verify Exchange Rates: Make sure