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

T0021 - Overview

• Message type: E = Error

• Message class: T0 - General Treasury

• Message number: 021

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

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.

T0021 - Details

• 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:
  
  Currency 
  Configuration Issues: The local currency for the company code may not be properly configured, or there may be inconsistencies in the currency settings.
  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.
  Posting Errors: There may be errors in the transaction data being posted, such as incorrect currency codes or amounts.
  Document Type Restrictions: Certain document types may have restrictions on currency postings, leading to this error when trying to post transactions.
  
  
  Solution:
  
  
  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