How To Fix RECD107 - No fixed amount formula found for converting the price

SAP Error Message - Details

• Message type: E = Error

• Message class: RECD -

• Message number: 107

• Message text: No fixed amount formula found for converting the price

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message RECD107 - No fixed amount formula found for converting the price ?

  The SAP error message RECD107, which states "No fixed amount formula found for converting the price," typically occurs in the context of pricing and currency conversion in SAP systems. This error indicates that the system is unable to find a valid formula or method to convert a price from one currency to another, which is essential for processing transactions involving multiple currencies.
  Causes:
  
  
  Missing or Incorrect Configuration: The fixed amount formula for currency conversion may not be configured correctly in the system. This could be due to missing entries in the relevant tables or incorrect settings in the configuration.
  
  
  Currency Pair Not Defined: The specific currency pair involved in the transaction may not be defined in the system. If the system does not recognize the currencies being used, it cannot perform the conversion.
  
  
  Invalid or Inactive Exchange Rate: The exchange rate for the currencies involved may not be valid or may not be maintained in the system. This can happen if the rates are not updated or if the rates are set to inactive.
  
  
  Missing Master Data: The master data for the materials or services involved in the transaction may not be complete, leading to issues in price determination.
  
  
  Solutions:
  
  
  Check Configuration: Review the configuration settings for currency conversion in the SAP system. Ensure that the fixed amount formula is correctly defined in the relevant customizing settings (Transaction Code: OB08 for exchange rates).
  
  
  Define Currency Pair: Ensure that the currency pair involved in the transaction is defined in the system. You can check this in the currency settings and ensure that both currencies are active.
  
  
  Update Exchange Rates: If the exchange rates are missing or outdated, update them using the appropriate transaction (e.g., OB08). Make sure that the rates are valid for the date of the transaction.
  
  
  Review Master Data: Check the master data for the materials or services involved. Ensure that all necessary pricing information is maintained and that there are no missing entries.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on configuring currency conversion and pricing.
  
  
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), MEK1 (Create Condition), and MEK2 (Change Condition) for pricing.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Forums: Engage with SAP community forums or user groups for shared experiences and solutions from other users who may have encountered the same issue.
  
  By following these steps, you should be able to identify the cause of the RECD107 error and implement a solution to resolve it.