How To Fix PRC_MESSAGES_EXT504 - Pricing: Local currency missing

PRC_MESSAGES_EXT504 - Overview

• Message type: E = Error

• Message class: PRC_MESSAGES_EXT -

• Message number: 504

• Message text: Pricing: Local currency missing

What causes this issue?

A series of data, including the local currency, is required for pricing.
However, this was not given when pricing was called.

System Response

Pricing could not be calculated.

How to fix this error?

Check why the local currrency was not maintained. The local currency in
CRM normally originates in the sales organization. The local currency in
SRM normally originates in the purchasing organization.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

PRC_MESSAGES_EXT504 - Details

• The SAP error message PRC_MESSAGES_EXT504 with the description "Pricing: Local currency missing" typically occurs in the context of pricing procedures in SAP, particularly when dealing with pricing conditions in sales documents, purchase orders, or other transactional data. This error indicates that the system is unable to determine the local currency for the pricing calculation, which is essential for processing transactions correctly.
  Causes:
  
  Missing Local Currency Configuration: The local currency may not be defined in the relevant master data (e.g., customer, vendor, material).
  Currency Settings in Company Code: The company code may not have a local currency set up correctly in the configuration.
  Pricing Procedure Configuration: The pricing procedure may not be configured to handle local currency correctly.
  Document Type Settings: The document type being used may not have the necessary settings for local currency.
  Master Data Issues: The master data for the customer or vendor may be incomplete or incorrectly set up, lacking the local currency