How To Fix RECNDP020 - Specify a currency translation rule

RECNDP020 - Overview

• 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