How To Fix RTC_CT_01304 - Currency translation indicator &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: RTC_CT_01 - Real consolidation - currency translation

• Message number: 304

• Message text: Currency translation indicator &1 does not exist

Self-Explanatory Message

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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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message RTC_CT_01304 - Currency translation indicator &1 does not exist ?

  The SAP error message RTC_CT_01304 indicates that the currency translation indicator specified in your transaction or configuration does not exist in the system. This error typically arises during processes that involve currency translation, such as financial reporting or data processing in SAP.
  Cause:
  
  Non-Existent Currency Translation Indicator: The currency translation indicator you are trying to use has not been defined in the system.
  Incorrect Configuration: There may be a typo or incorrect entry in the configuration settings where the currency translation indicator is specified.
  Missing Customization: If your organization has specific currency translation requirements, the necessary customization may not have been implemented.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the relevant configuration area in SAP (usually under Financial Accounting or Controlling).
  Navigate to the section for currency translation indicators and verify if the indicator you are trying to use exists.
  If it does not exist, you may need to create it.
  
  
  
  Create Currency Translation Indicator:
  
  If the indicator is missing, you can create a new currency translation indicator by following these steps:
  
  Access the transaction code OB22 (for defining currency translation).
  Define a new currency translation indicator with the required parameters.
  
  
  
  
  
  Verify Usage:
  
  Ensure that the currency translation indicator is being used correctly in your reports or transactions.
  Check for any hardcoded values or references that may be incorrect.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for guidance on setting up currency translation indicators.
  
  
  
  Contact SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support for assistance, especially if this is a production environment.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 for currency translation settings.
  SAP Notes: Check SAP Notes for any known issues or updates related to currency translation indicators.
  User Roles: Ensure that you have the necessary authorizations to view and modify currency translation settings in SAP.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.