How To Fix ACE_S4024 - Configure the currency type as A or G for &1.

ACE_S4024 - Overview

• Message type: E = Error

• Message class: ACE_S4 - Messages for S/4HANA Accrual Engine

• Message number: 024

• Message text: Configure the currency type as A or G for &1.

What causes this issue?

You haven't maintained the currency type for &V1&.

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?

Configure the currency type as A or G in view
<DS:SIMG.VC_TACE_ITEMTY>Define Accrual Item Types</>.
A stands for Managed by Accrual Engine. G stands for Calculated by
General Ledger.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ACE_S4024 - Configure the currency type as A or G for &1. ?

  The SAP error message ACE_S4024 indicates that there is an issue with the configuration of currency types in the system. Specifically, it suggests that the currency type for a particular entity (represented by &1) needs to be set to either "A" (for "Transaction currency") or "G" (for "Group currency"). 
  
  Cause:
  This error typically arises in the following scenarios:
  
  Incorrect Currency Configuration: The currency type for a specific financial transaction or master data record is not set correctly.
  Missing Configuration: The currency type may not have been configured in the system for the relevant entity.
  Data Entry Error: There may have been a mistake during data entry where an invalid currency type was specified.
  
  
  Solution:
  To resolve the ACE_S4024 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the relevant configuration settings in SAP (usually in the Financial Accounting or Controlling module).
  Verify that the currency type for the entity in question is set to either "A" or "G".
  
  
  
  Update