How To Fix RETMFI100 - &1: conditions in foreign currency require currency translation rule

SAP Error Message - Details

• Message type: E = Error

• Message class: RETMFI - Messages for Posting Terms

• Message number: 100

• Message text: &1: conditions in foreign currency require currency translation rule

What causes this issue?

There are conditions in a foreign currency on the contract. A posting
term is assigned to these conditions for which no currency translation
rule is specified.

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?

If the currency of the conditions is correct (a foreign currency),
specify a currency translation rule in the posting term assigned to the
condition.
If the currency of the condition was selected by mistake, you can change
this to local currency. If all the conditions of the contract are in
local currency, then you should also change the contract currency to
local currency. Then you can remove the currency translation rule from
the posting term.

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 RETMFI100 - &1: conditions in foreign currency require currency translation rule ?

  The SAP error message RETMFI100 indicates that there is an issue with currency translation in the context of foreign currency conditions. This error typically arises when the system encounters a foreign currency condition that requires a currency translation rule, but such a rule has not been defined or is not applicable.
  Cause:
  
  Missing Currency Translation Rule: The primary cause of this error is that the system cannot find a valid currency translation rule for the foreign currency condition being processed.
  Incorrect Configuration: The configuration settings for currency translation may not be set up correctly in the system.
  Currency Type Issues: The currency type used in the condition may not be compatible with the existing translation rules.
  Transaction Type: The transaction type may not be set up to handle foreign currency conditions properly.
  
  Solution:
  
  
  Define Currency Translation Rules:
  
  Go to the relevant configuration settings in SAP (usually found in the SPRO transaction).
  Navigate to the section for defining currency translation rules.
  Ensure that there is a valid rule for the currency pair involved in the transaction.
  
  
  
  Check Condition Records:
  
  Review the condition records for the pricing or financial conditions that are causing the error.
  Ensure that the conditions are set up correctly and that they reference the appropriate currency types.
  
  
  
  Review Configuration Settings:
  
  Check the configuration for the relevant transaction types and ensure that they are set up to handle foreign currency conditions.
  Make sure that the currency types are correctly assigned to the relevant condition types.
  
  
  
  Test with Different Currencies:
  
  If possible, test the transaction with different currencies to see if the issue persists across all foreign currencies or is isolated to specific ones.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on setting up currency translation rules and handling foreign currency conditions.
  
  
  
  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 SPRO (for configuration), VK11/VK12 (for condition records), and others that may be relevant to your specific SAP module.
  Currency Types: Understand the different currency types used in your SAP system (e.g., transaction currency, local currency, etc.) and how they interact with pricing and financial conditions.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or updates that address the issue.
  
  By following these steps, you should be able to resolve the RETMFI100 error and ensure that your foreign currency conditions are processed correctly in SAP.