How To Fix KK699 - No foreign currency or currencies entered

SAP Error Message - Details

• Message type: E = Error

• Message class: KK -

• Message number: 699

• Message text: No foreign currency or currencies entered

What causes this issue?

You have selected the <LS>New exchange rate</> function, but you have
not entered a foreign currency or currencies that differ(s) from the
controlling area currency.

How to fix this error?

Enter a valid foreign currency that differs from the controlling area
currency, and select the <LS>New exchange rate</> function again.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KK699 - No foreign currency or currencies entered ?

  The SAP error message KK699: No foreign currency or currencies entered typically occurs in the context of controlling (CO) when you are trying to post a transaction that involves foreign currency but have not specified any foreign currency or the currency settings are not correctly configured.
  Cause:
  
  Missing Currency Information: The transaction you are trying to post requires a foreign currency, but none has been specified in the relevant fields.
  Configuration Issues: The settings in the controlling area or the master data (like cost centers, internal orders, etc.) may not be set up to handle foreign currencies.
  Currency Type: The currency type used in the transaction may not be defined or may not support foreign currency transactions.
  Transaction Type: The type of transaction you are trying to execute may not be compatible with foreign currency postings.
  
  Solution:
  
  Check Transaction Data: Ensure that you have entered the foreign currency in the appropriate field when posting the transaction. This may involve checking the document you are trying to create or modify.
  Review Master Data: Verify that the master data for the relevant cost objects (like cost centers, internal orders, etc.) is correctly set up to allow for foreign currency transactions.
  Configuration Settings: 
  
  Go to the configuration settings in the SAP system (transaction code SPRO) and check the settings for the controlling area. Ensure that the foreign currency settings are correctly defined.
  Check the currency types defined in the controlling area and ensure that they are set up to allow for foreign currency transactions.
  
  
  Currency Translation: If applicable, ensure that the currency translation settings are correctly configured to allow for the conversion of local currency to foreign currency.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling foreign currency transactions in your version of SAP.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  KK01: Create Internal Order
  KK02: Change Internal Order
  KK03: Display Internal Order
  
  
  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 foreign currencies.
  Testing: If you have made changes to the configuration or master data, perform a test transaction to ensure that the issue is resolved.
  
  If the problem persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in the controlling module.