How To Fix O4141 - Enter either the daily or average currency rule

SAP Error Message - Details

• Message type: E = Error

• Message class: O4 - IS-Oil: MAP message pool

• Message number: 141

• Message text: Enter either the daily or average currency rule

What causes this issue?

You have not entered a currency conversion rule.

System Response

The system requires a currency conversion rule in order to carry out
the calculation.

How to fix this error?

Either enter a daily currency conversion rule or an average currency
conversion rule.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message O4141 - Enter either the daily or average currency rule ?

  The SAP error message O4141, "Enter either the daily or average currency rule," typically occurs in the context of currency conversion settings in SAP, particularly when dealing with foreign currency valuations or when configuring currency types in financial documents.
  Cause:
  This error arises when the system expects you to define a currency conversion rule but finds that neither the daily nor the average currency rule has been specified. This can happen in various scenarios, such as:
  
  Missing Configuration: The currency conversion settings in the system are not properly configured.
  Incorrect Document Settings: The document or transaction you are trying to process does not have the necessary currency rules defined.
  Transaction Type Issues: The transaction type being used may not have the required currency rules set up in the system.
  
  Solution:
  To resolve the O4141 error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Go to the configuration settings for currency types in SAP. This can typically be found under the path: 
  
  SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types.
  
  
  Ensure that either the daily or average currency rule is defined for the currency type you are working with.
  
  
  
  Define Currency Rules:
  
  If the rules are not defined, you will need to create or modify the currency conversion rules. Make sure to specify either the daily or average currency rule as required by your business process.
  
  
  
  Review Document Settings:
  
  Check the specific document or transaction that is causing the error. Ensure that it is set up to use the correct currency type and that the necessary rules are applied.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for more detailed guidance on configuring currency types and rules.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (to maintain exchange rates) or OB22 (to define currency types) to access relevant settings.
  SAP Notes: Check for any SAP Notes related to currency conversion issues, as they may provide additional insights or patches.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency settings in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.