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How To Fix T0021 - The local currency amount/rate will be deleted


SAP Error Message - Details

  • Message type: E = Error

  • Message class: T0 - General Treasury

  • Message number: 021

  • Message text: The local currency amount/rate will be deleted

  • Show details Hide details
  • What causes this issue?

    As neither the local currency rate nor the local currency amount have
    been fixed, the local currency entries are reset and determined when
    posting in Financial Accounting based on the current exchange rate.

    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?


    Error message extract from SAP system. Copyright SAP SE.


Smart SAP Assistant

  • What is the cause and solution for SAP error message T0021 - The local currency amount/rate will be deleted ?

    The SAP error message T0021, which states "The local currency amount/rate will be deleted," typically occurs in the context of financial transactions or postings where there is an issue with the local currency settings or the currency conversion rates.

    Cause:

    1. Currency Configuration Issues: The local currency for the company code may not be properly configured, or there may be inconsistencies in the currency settings.
    2. Missing Exchange Rates: The exchange rate for the currency conversion may not be maintained in the system, leading to the inability to calculate the local currency amount.
    3. Posting Errors: There may be errors in the transaction data being posted, such as incorrect currency codes or amounts.
    4. Document Type Restrictions: Certain document types may have restrictions on currency postings, leading to this error when trying to post transactions.

    Solution:

    1. Check Currency Configuration:

      • Go to the transaction code OBY6 to check the local currency settings for the company code. Ensure that the local currency is correctly defined.
    2. Maintain Exchange Rates:

      • Use transaction code OB08 to maintain the exchange rates. Ensure that the necessary exchange rates are defined for the currencies involved in the transaction.
    3. Review Transaction Data:

      • Check the transaction data for any inconsistencies. Ensure that the currency codes and amounts are correct and that they match the expected formats.
    4. Document Type Settings:

      • Review the settings for the document type being used in the transaction. Ensure that it allows for the posting of local currency amounts.
    5. Consult SAP Notes:

      • Check for any relevant SAP Notes that may address this specific error. Sometimes, there are known issues or patches that can resolve the problem.
    6. Testing:

      • After making the necessary changes, try to reprocess the transaction to see if the error persists.

    Related Information:

    • Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Company Code Global Settings), OB08 (Maintain Exchange Rates), and FB50 (General Ledger Account Document Entry).
    • SAP Documentation: Refer to SAP Help documentation for detailed information on currency settings and financial postings.
    • User Forums: Engage with SAP community forums or user groups for additional insights and solutions from other users who may have encountered similar issues.

    If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a technical consultant for further investigation.

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