How To Fix FAGL_CLOSING_ACT010 - Please create an ECS environment for the foreign currency valuation run

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_CLOSING_ACT -

• Message number: 010

• Message text: Please create an ECS environment for the foreign currency valuation run

What causes this issue?

For posting the foreign currency valuation, an
ECS environment has not been defined.
For error handling, postings of a foreign currency valuation use
suspense accounting and error correction (ECS). If an error
occurs while processing the foreign currency valuation, the error
messages
are displayed in the ECS transaction and the posting can
then be postprocessed manually.
For more information about the ECS environment and error correction, see
SAP Library.

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?

Assign an ECS environment to the foreign currency valuation:
<DS:SIMG.FAGL_FCV_ECS>IMG</>
For the foreign currency valuation, ECS environment FAGL_FCV is shipped
as sample settings.
We recommend you copy these settings from the delivered customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_CLOSING_ACT010 - Please create an ECS environment for the foreign currency valuation run ?

  The SAP error message FAGL_CLOSING_ACT010 typically occurs during the foreign currency valuation process in the General Ledger (G/L) accounting module. This error indicates that the system requires an ECS (Environment Control System) environment to perform the foreign currency valuation run.
  Cause:
  The error is generally caused by one of the following reasons:
  
  Missing ECS Environment: The ECS environment required for the foreign currency valuation run has not been created or is not properly configured.
  Configuration Issues: There may be issues with the configuration settings related to foreign currency valuation in the system.
  Authorization Issues: The user may not have the necessary authorizations to execute the foreign currency valuation process.
  
  Solution:
  To resolve the FAGL_CLOSING_ACT010 error, you can follow these steps:
  
  
  Create ECS Environment:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the ECS environment is set up correctly. You may need to consult with your SAP Basis or system administrator to create the ECS environment if it does not exist.
  
  
  
  Check Configuration:
  
  Verify the configuration settings for foreign currency valuation in the system. This can be done through the transaction code OB22 (for defining valuation areas) and OB07 (for defining exchange rate types).
  Ensure that the valuation area is correctly defined and that the necessary settings for foreign currency valuation are in place.
  
  
  
  User Authorizations:
  
  Check if the user executing the foreign currency valuation has the necessary authorizations. This can be done by reviewing the user roles and authorizations in the system.
  
  
  
  Run Foreign Currency Valuation:
  
  After ensuring that the ECS environment is created and configured correctly, you can attempt to run the foreign currency valuation again using transaction code F.05.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  F.05: Foreign Currency Valuation
  OB08: Maintain Exchange Rates
  OB22: Define Valuation Areas
  OB07: Define Exchange Rate Types
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  SAP Community: You can also search for discussions or solutions related to this error in the SAP Community forums.
  
  
  By following these steps, you should be able to resolve the FAGL_CLOSING_ACT010 error and successfully run the foreign currency valuation process.