How To Fix FGL_PRE_CHECK042 - Curr. type &1 for transf. pr. is not defined (CO area &2, CCode &3).

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 042

• Message text: Curr. type &1 for transf. pr. is not defined (CO area &2, CCode &3).

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FGL_PRE_CHECK042 - Curr. type &1 for transf. pr. is not defined (CO area &2, CCode &3). ?

  The SAP error message FGL_PRE_CHECK042 indicates that there is an issue with the currency type defined for a specific transaction in the context of a controlling area and company code. This error typically arises during financial postings or when trying to execute certain transactions that involve currency conversion or financial reporting.
  Cause:
  The error message is triggered when:
  
  The currency type specified for the transaction is not defined in the system for the given controlling area and company code.
  There may be a configuration issue where the currency type is not set up correctly in the system.
  The transaction is trying to use a currency type that is not valid or not maintained in the system.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Currencies > Define Currency Types.
  Ensure that the currency type in question is defined for the relevant company code and controlling area.
  
  
  
  Verify Company Code and Controlling Area Settings:
  
  Check the settings for the company code and controlling area to ensure they are correctly configured to use the required currency types.
  You can do this by navigating to Controlling > General Controlling > Master Data > Controlling Area and reviewing the settings.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the transaction data to ensure that the correct currency type is being used.
  Make sure that the transaction is not trying to use a currency type that is not applicable.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency types and their configurations, refer to SAP documentation or consult with your SAP Basis or Finance team for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Currency types in SAP are used to define how different currencies are handled in financial transactions. Common currency types include:
  
  00: Document currency
  10: Local currency
  20: Hard currency
  30: Index-based currency
  
  
  Ensure that the currency types are correctly assigned in the relevant master data (e.g., vendor, customer, material) and that they align with the financial reporting requirements of your organization.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Financials for further assistance.