How To Fix CNV_OT_APPL_PE029 - Ccode &1 has 2nd local currency type &2, but no ledger is defined for it

SAP Error Message - Details

• Message type: E = Error

• Message class: CNV_OT_APPL_PE - Messages for application specific functions

• Message number: 029

• Message text: Ccode &1 has 2nd local currency type &2, but no ledger is defined for it

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message CNV_OT_APPL_PE029 - Ccode &1 has 2nd local currency type &2, but no ledger is defined for it ?

  The SAP error message CNV_OT_APPL_PE029 indicates that there is an issue with the configuration of local currencies in the system, specifically related to the ledger setup for a particular company code and its second local currency type. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Ledger Configuration: The error occurs when a company code (Ccode) is set up to use a second local currency type (e.g., currency type 30 for group currency) but does not have a corresponding ledger defined for that currency type.
  Inconsistent Currency Settings: The system expects that if a second local currency is defined, there should be a ledger that can handle transactions in that currency. If the ledger is not defined, the system cannot process transactions correctly.
  
  Solution:
  
  
  Define the Ledger:
  
  Go to the SAP Customizing Implementation Guide (IMG).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Check if a ledger is defined for the second local currency type for the specified company code. If not, create a new ledger that includes the second local currency.
  
  
  
  Check Company Code Settings:
  
  Go to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Company Code.
  Ensure that the company code is correctly configured to use the second local currency and that the settings align with the ledger definitions.
  
  
  
  Review Currency Types:
  
  Ensure that the currency types are correctly assigned in the system. You can check this in the configuration settings for currency types under Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Preparation > Define Currency Types.
  
  
  
  Consult Documentation: If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for defining currency types) and OBY6 (for defining company code settings) to navigate to the relevant configuration areas.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance on configuring ledgers and currencies.
  Testing: After making the necessary changes, perform testing to ensure that the error is resolved and that transactions can be processed without issues.
  
  By following these steps, you should be able to resolve the CNV_OT_APPL_PE029 error and ensure that your SAP system is correctly configured for handling local currencies.