How To Fix PSZ1012 - Error in currency translation

SAP Error Message - Details

• Message type: E = Error

• Message class: PSZ1 - PS Payment Planning: Function Group KPP_PSZ

• Message number: 012

• Message text: Error in currency translation

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.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message PSZ1012 - Error in currency translation ?

  The SAP error message PSZ1012, which indicates "Error in currency translation," typically arises during processes that involve currency conversion, such as when posting transactions or generating reports that require currency translation. Here are some common causes, potential solutions, and related information for this error:
  Causes:
  
  Missing or Incorrect Exchange Rates: The exchange rate for the currency pair involved in the transaction may not be defined in the system or may be incorrect.
  Currency Type Issues: The currency type used in the transaction may not be compatible with the expected currency types in the system.
  Configuration Issues: There may be configuration issues in the currency translation settings in the SAP system.
  Data Entry Errors: Incorrect data entry in the transaction that involves currency conversion can lead to this error.
  Period Locking: The period for which the currency translation is being attempted may be locked or closed.
  
  Solutions:
  
  
  Check Exchange Rates:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) and verify that the exchange rates for the relevant currency pair are correctly maintained.
  Ensure that the rates are valid for the date of the transaction.
  
  
  
  Review Currency Types:
  
  Ensure that the currency types used in the transaction are correctly defined and compatible with the system settings.
  
  
  
  Configuration Review:
  
  Check the configuration settings for currency translation in the relevant modules (e.g., Financial Accounting, Controlling).
  Ensure that the currency translation settings are correctly set up in the system.
  
  
  
  Data Validation:
  
  Review the transaction data for any inconsistencies or errors that may lead to the currency translation error.
  Correct any data entry mistakes.
  
  
  
  Period Management:
  
  Check if the posting period is open. If the period is closed, you may need to open it or post the transaction in an open period.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance related to currency translation errors.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBA1 (Manage Document Types), and others that may help in troubleshooting.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency translation errors.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to perform currency translation and related transactions.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a technical consultant who can provide more in-depth analysis and assistance.