How To Fix LM298 - Enter the display currency for the rounding factor

SAP Error Message - Details

• Message type: E = Error

• Message class: LM - Treasury: Limit Management

• Message number: 298

• Message text: Enter the display currency for the rounding factor

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 LM298 - Enter the display currency for the rounding factor ?

  The SAP error message LM298, which states "Enter the display currency for the rounding factor," typically occurs in the context of configuring or processing financial data, particularly when dealing with rounding factors in currency conversions or financial calculations.
  Cause:
  This error usually arises when:
  
  Missing Configuration: The system requires a display currency to be specified for the rounding factor, but it has not been set up in the relevant configuration settings.
  Incomplete Data Entry: During the entry of data related to financial transactions, the display currency field may have been left blank.
  Customizing Issues: There may be issues in the customizing settings related to currency management or rounding rules.
  
  Solution:
  To resolve the LM298 error, you can follow these steps:
  
  
  Check Configuration Settings:
  
  Navigate to the relevant configuration area in SAP (usually under Financial Accounting or Controlling).
  Ensure that the display currency for the rounding factor is defined. This can typically be found in the settings for currency types or rounding rules.
  
  
  
  Enter Display Currency:
  
  If you are entering data manually, ensure that you fill in the display currency field when prompted. This is often a dropdown or input field where you can select the appropriate currency (e.g., USD, EUR).
  
  
  
  Review Rounding Rules:
  
  Check the rounding rules defined in the system. Make sure that they are correctly set up to include a display currency.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the configuration of currencies and rounding factors in your version of SAP.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance based on your system's configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in navigating to the configuration settings, such as SPRO (SAP Project Reference Object) for customizing settings.
  Currency Types: Understand the different currency types in SAP (e.g., transaction currency, local currency, and group currency) and how they interact with rounding factors.
  SAP Notes: Check for any SAP Notes related to LM298 or currency rounding issues, as these may provide additional insights or patches that could resolve the problem.
  
  By following these steps, you should be able to address the LM298 error effectively.