How To Fix MY068 - Material not valuated due to incorrect foreign crcy translation (& & & &)

SAP Error Message - Details

• Message type: E = Error

• Message class: MY - Messages for Balance Sheet Valuation(Low.Val.Det./LIFO/FIFO)

• Message number: 068

• Message text: Material not valuated due to incorrect foreign crcy translation (& & & &)

What causes this issue?

The material could not be valuated.

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?

Contact your system administrator.

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 MY068 - Material not valuated due to incorrect foreign crcy translation (& & & &) ?

  The SAP error message MY068, which states "Material not valuated due to incorrect foreign currency translation," typically occurs in the context of material valuation in SAP when there are issues with currency conversion for materials that are valued in a foreign currency. Here’s a breakdown of the potential causes, solutions, and related information for this error:
  Causes:
  
  Incorrect Currency Settings: The currency settings for the material master or the company code may not be configured correctly.
  Missing Exchange Rates: The exchange rates for the foreign currency may not be maintained in the system, or they may be outdated.
  Currency Type Issues: The currency type used for valuation may not be compatible with the transaction or may not be set up correctly.
  Valuation Class Issues: The valuation class assigned to the material may not be set up properly, leading to valuation issues.
  Posting Period Issues: The posting period may be closed, preventing any currency translation from occurring.
  
  Solutions:
  
  Check Material Master Data: Verify the currency settings in the material master record. Ensure that the currency is correctly defined and that the valuation type is appropriate.
  Maintain Exchange Rates: Go to the transaction code OB08 to check and maintain the exchange rates for the relevant currency. Ensure that the rates are up to date and valid for the posting period.
  Review Currency Types: Ensure that the currency types used in the valuation are correctly configured in the system. This can be checked in the configuration settings.
  Check Valuation Class: Review the valuation class assigned to the material and ensure it is correctly set up in the system. This can be done in the material master or through configuration settings.
  Open Posting Periods: Ensure that the posting period is open for the transactions you are trying to process. You can check this in the transaction code OB52.
  Run Currency Translation: If necessary, run the currency translation process to ensure that all relevant data is updated.
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  MM02: Change material master data.
  OB52: Open/close posting periods.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  Documentation: Review SAP documentation related to material valuation and currency translation for more detailed guidance.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional insights.