How To Fix FGL_PRE_CHECK021 - Currency type &1 of FI and CO is not supported in ML (valuation area &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FGL_PRE_CHECK - Pre Transition Check FI-GL

• Message number: 021

• Message text: Currency type &1 of FI and CO is not supported in ML (valuation area &2)

What causes this issue?

Currency type &V1& is supported in Financial Accounting (FI) and
Controlling (CO)<(>,<)> but not in the Material Ledger (ML) in valuation
area &V2&.

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?

Please use transaction CKM9 to get an overview of the currency settings
in FI, CO, and ML for the corresponding plant.

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 FGL_PRE_CHECK021 - Currency type &1 of FI and CO is not supported in ML (valuation area &2) ?

  The SAP error message FGL_PRE_CHECK021 indicates that there is an issue with the currency type being used in the context of Multi-Level (ML) valuation in Financial Accounting (FI) and Controlling (CO). Specifically, it states that the currency type specified (denoted as &1) is not supported for the valuation area indicated (denoted as &2).
  Cause:
  
  Unsupported Currency Type: The currency type being used in the configuration for the valuation area is not compatible with the Multi-Level valuation process. This could be due to the currency type being set incorrectly or being a type that is not recognized by the system for ML purposes.
  Configuration Issues: There may be a misconfiguration in the settings for the valuation area in the FI or CO modules, particularly regarding currency settings.
  Customizations: If there are custom developments or modifications in the system, they might be affecting the currency settings.
  
  Solution:
  
  
  Check Currency Type Configuration:
  
  Go to the configuration settings for the valuation area in the SAP system.
  Verify the currency types assigned to the FI and CO modules. Ensure that the currency type being used is supported for ML valuation.
  Common currency types include:
  
  10: Company Code Currency
  20: Controlling Area Currency
  30: Group Currency
  
  
  Ensure that the currency type you are using is one of the supported types for ML.
  
  
  
  Adjust Valuation Area Settings:
  
  If the currency type is indeed unsupported, you may need to change it to a supported type.
  Navigate to the relevant configuration path in SPRO (SAP Project Reference Object) and adjust the settings accordingly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to Multi-Level valuation and currency types to ensure compliance with best practices.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error no longer occurs and that the system behaves as expected.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking configurations and making adjustments, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like SPRO (for configuration), OB22 (for currency types), and OX19 (for controlling area settings) to access the relevant settings.
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional guidance.
  Documentation: Review the SAP Help Portal for detailed information on Multi-Level valuation and currency settings.
  
  By following these steps, you should be able to resolve the error message FGL_PRE_CHECK021 and ensure that your currency settings are correctly configured for Multi-Level valuation in SAP.