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

SAP Error Message - Details

• 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 Currency Type:
  
  If the currency type is incorrect, update it to "A" or "G" as required.
  This can typically be done in the master data settings for the relevant financial object (e.g., customer, vendor, or company code).
  
  
  
  Review Master Data:
  
  Check the master data for the entity that is causing the error. Ensure that the currency type is correctly assigned.
  If necessary, correct the master data entry.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring currency types in your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or process again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  
  Currency Types: In SAP, currency types are used to define how different currencies are handled in financial transactions. Common types include:
  
  A: Transaction currency (the currency in which the transaction is conducted).
  G: Group currency (a currency used for consolidation purposes).
  
  
  
  Transaction Codes: You may need to use transaction codes such as OB08 (for maintaining exchange rates) or OBY6 (for defining currency types) to access the relevant configuration settings.
  
  
  SAP Notes: Check SAP Notes for any specific patches or updates related to currency configuration issues.
  
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial configurations.