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