How To Fix ACC_AA047 - Parallel currency area (currency type &1) missing for area &2

SAP Error Message - Details

• Message type: E = Error

• Message class: ACC_AA - Message Class for Function Group ACC_AA

• Message number: 047

• Message text: Parallel currency area (currency type &1) missing for area &2

INCLUDE ACC_AA_PARALLEL_CURR_SLO OBJECT DOKU ID TX

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message ACC_AA047 - Parallel currency area (currency type &1) missing for area &2 ?

  The SAP error message ACC_AA047 indicates that there is a missing parallel currency area for a specific currency type in the asset accounting module. This error typically arises when you are trying to perform an operation related to asset accounting, such as posting an asset transaction, and the system cannot find the required parallel currency configuration.
  Cause:
  The error occurs due to the following reasons:
  
  Missing Configuration: The parallel currency area for the specified currency type is not configured in the asset accounting settings.
  Incorrect Settings: The currency type specified in the error message does not have a corresponding parallel currency area defined in the asset accounting configuration.
  Data Inconsistency: There may be inconsistencies in the configuration settings or data entries related to asset accounting.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Easy Access screen and navigate to the following path:
  SPRO -> IMG -> Financial Accounting -> Asset Accounting -> Integration -> Define Parallel Currencies
  
  Ensure that the parallel currency area for the specified currency type is defined correctly.
  
  
  
  Define Parallel Currency:
  
  If the parallel currency area is missing, you will need to define it. You can do this by:
  
  Selecting the appropriate company code.
  Specifying the currency type (e.g., 30 for group currency, 10 for transaction currency).
  Assigning the correct parallel currency area.
  
  
  
  
  
  Check Asset Master Data:
  
  Review the asset master data to ensure that the asset is correctly assigned to the appropriate currency areas.
  You can check this by using transaction code AS03 (Display Asset) and verifying the currency settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring parallel currencies in asset accounting.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  AS01: Create Asset
  AS02: Change Asset
  AS03: Display Asset
  OB22: Define Currencies
  
  
  Currency Types: Common currency types include:
  
  10: Transaction currency
  20: Hard currency
  30: Group currency
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in asset accounting for further assistance.