How To Fix ID_FICN011 - For EUR amounts, only rate type EURX is used for conversion

SAP Error Message - Details

• Message type: E = Error

• Message class: ID_FICN -

• Message number: 011

• Message text: For EUR amounts, only rate type EURX is used for conversion

What causes this issue?

The selected open items for accounts payable or receivable include
amounts in euros, and you have not specified to use the historical
exchange rate (the exchange rate on the document date of the open items)
to convert the amounts to Chinese yuan. In this case, regardless of
which exchange rate type you might have entered in the selection, the
system only uses the exchange rate type <ZH>EURX</> to convert the
amounts from euros to Chinese yuan.
For more information about the exchange rate type <ZH>EURX</>, see SAP
Note 123819.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ID_FICN011 - For EUR amounts, only rate type EURX is used for conversion ?

  The SAP error message ID_FICN011 indicates that when dealing with EUR amounts, only the exchange rate type "EURX" is permitted for currency conversion. This error typically arises in scenarios involving currency conversion in financial transactions, such as during the posting of documents or when executing reports that involve currency amounts.
  Cause:
  The error occurs because the system is trying to use an exchange rate type other than "EURX" for converting amounts in EUR. The "EURX" rate type is specifically designated for transactions involving Euro amounts, and using a different rate type violates the system's rules for currency conversion.
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Exchange Rate Type: Ensure that the exchange rate type being used in your transaction or report is set to "EURX". You can do this by reviewing the configuration or settings in the transaction where the error occurred.
  
  
  Adjust Configuration: If you are a system administrator or have access to configuration settings, you may need to adjust the settings to ensure that "EURX" is the only rate type used for EUR amounts. This may involve checking the currency settings in the relevant financial modules.
  
  
  Review Transaction Data: If you are entering data manually, double-check the transaction data to ensure that the correct exchange rate type is being applied.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed information on currency conversion and exchange rate types. This can provide insights into how to properly configure and use exchange rates in your specific SAP environment.
  
  
  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 who can provide further assistance.
  
  
  Related Information:
  
  Exchange Rate Types: In SAP, exchange rate types are defined in the system and can be configured to suit the organization's needs. The "EURX" rate type is typically used for transactions involving Euro currency.
  Currency Conversion: Currency conversion in SAP is a critical function for financial reporting and transaction processing, especially for organizations operating in multiple currencies.
  SAP Modules: This error may be encountered in various SAP modules, including Financial Accounting (FI) and Controlling (CO), where currency conversion is frequently required.
  
  By following these steps and understanding the context of the error, you should be able to resolve the issue effectively.