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

SAP Error Message - Details

• 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 that the exchange rates for the relevant currencies are maintained in the system for the translation date. You can check this in the transaction code OB08 (Maintain Exchange Rates).
  
  
  Update the Document: If the translation date is incorrect or missing, you may need to update the document or transaction to include a valid translation date.
  
  
  Review Configuration: If this error occurs frequently, review the configuration settings related to currency translation in your SAP system. Ensure that the settings for currency types and translation methods are correctly configured.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on handling currency translation issues.
  
  
  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 (for maintaining exchange rates) and FB03 (to display documents) to troubleshoot the issue effectively.
  Currency Types: Understand the different currency types used in your organization (e.g., local currency, group currency, and transaction currency) and how they affect financial reporting.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or patches that address known issues.
  
  By following these steps, you should be able to resolve the GLE_MCA110 error and ensure that your currency translations are processed correctly.