How To Fix RECNDP020 - Specify a currency translation rule

SAP Error Message - Details

• Message type: E = Error

• Message class: RECNDP - Security Deposit Agreement

• Message number: 020

• Message text: Specify a currency translation rule

What causes this issue?

When you specify actual security deposits in foreign currencies, these
can only be translated into local currency if a currency translation
rule has been specified in the default posting term.

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?

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 RECNDP020 - Specify a currency translation rule ?

  The SAP error message RECNDP020, which states "Specify a currency translation rule," typically occurs in the context of financial transactions or reporting where currency conversion is required. This error indicates that the system is expecting a currency translation rule to be defined for the transaction or report being processed, but it has not been provided.
  Cause:
  
  Missing Currency Translation Rule: The most common cause of this error is that the currency translation rule has not been defined in the system for the specific transaction or report.
  Configuration Issues: There may be issues with the configuration settings in the SAP system related to currency translation.
  Incorrect Transaction Type: The transaction type being processed may not be compatible with the existing currency translation rules.
  Master Data Issues: The master data for the relevant financial objects may not have the necessary currency settings.
  
  Solution:
  
  
  Define a Currency Translation Rule:
  
  Go to the relevant configuration area in SAP (usually under Financial Accounting or Controlling).
  Navigate to the section for currency translation rules.
  Create or modify a currency translation rule that meets the requirements of your transaction or report.
  
  
  
  Check Configuration Settings:
  
  Ensure that the currency translation settings are correctly configured in the system.
  Verify that the translation rules are active and applicable to the currencies involved in the transaction.
  
  
  
  Review Transaction Type:
  
  Check if the transaction type you are using is appropriate for the currency translation rules defined in the system.
  If necessary, adjust the transaction type or select a different one that aligns with the existing rules.
  
  
  
  Update Master Data:
  
  Review the master data for the relevant financial objects (e.g., cost centers, profit centers, etc.) to ensure that they have the correct currency settings.
  Make any necessary updates to ensure compatibility with the currency translation rules.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on setting up currency translation rules and troubleshooting related issues.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for defining translation rules) or other relevant codes depending on your SAP version.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency translation rules and the RECNDP020 error.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to currency translation rules and configurations.
  
  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 or controlling within SAP.