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How To Fix SG124 - Specify a reference currency


SAP Error Message - Details

  • Message type: E = Error

  • Message class: SG - Global Pool for Cross-Application Developments

  • Message number: 124

  • Message text: Specify a reference currency

  • Show details Hide details
  • What causes this issue?

    You set the flag <LS>Exchange rate type uses special translation model
    </>. This means that you have to enter a reference currency.

    System Response

    Error message

    How to fix this error?

    Enter a reference currency or delete the flag.

    Error message extract from SAP system. Copyright SAP SE.


Smart SAP Assistant

  • What is the cause and solution for SAP error message SG124 - Specify a reference currency ?

    The SAP error message SG124, which states "Specify a reference currency," typically occurs in the context of financial transactions or reporting where a currency needs to be defined for the operation being performed. This error can arise in various modules, including Financial Accounting (FI) or Controlling (CO), when the system requires a reference currency to process a transaction or generate a report.

    Cause:

    1. Missing Currency Specification: The transaction or report you are trying to execute requires a reference currency, but it has not been specified in the relevant fields.
    2. Configuration Issues: The system may not be properly configured to handle the currencies involved in the transaction.
    3. Transaction Type: Certain transaction types may inherently require a reference currency to be defined.
    4. User Settings: User-specific settings or defaults may not include a reference currency.

    Solution:

    1. Specify a Reference Currency: When prompted by the error message, ensure that you enter a valid reference currency in the designated field. This could be a local currency, a group currency, or any other currency relevant to the transaction.
    2. Check Configuration: Review the configuration settings in the SAP system to ensure that the necessary currencies are defined and that the system is set up to handle them correctly. This may involve:
      • Checking the company code settings for currency definitions.
      • Ensuring that the currency types are correctly assigned in the relevant configuration areas (e.g., controlling area, company code).
    3. Review Transaction Settings: If you are using a specific transaction code, check the documentation or help files to see if there are any prerequisites regarding currency specifications.
    4. User Profile Settings: Verify your user profile settings to ensure that a default reference currency is set up, if applicable.

    Related Information:

    • Transaction Codes: Depending on the context, you may be using transaction codes like FB50 (General Ledger), F-02 (Post Document), or others that involve currency handling.
    • Currency Types: Familiarize yourself with the different currency types in SAP, such as local currency, group currency, and transaction currency.
    • SAP Help Documentation: Consult the SAP Help Portal or your organization's SAP documentation for specific guidance on handling currency-related errors.
    • Support: If the issue persists after trying the above solutions, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.

    By addressing the cause of the error and following the suggested solutions, you should be able to resolve the SG124 error and proceed with your transaction or reporting task.

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