How To Fix FINS_ACDOC_CUST174 - Please create global currency conversion setting for currency type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 174

• Message text: Please create global currency conversion setting for currency type &2

What causes this issue?

Currency type &V2& is the corresponding currency type in legal valuation
of &V1&. If you create currency conversion settings for currency type
&V1&, you have to create currency conversion settings for currency type
&V2&, too.

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?

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 FINS_ACDOC_CUST174 - Please create global currency conversion setting for currency type &2 ?

  The SAP error message FINS_ACDOC_CUST174 indicates that there is a missing configuration for global currency conversion settings for a specific currency type in the system. This error typically arises when you are trying to perform financial transactions that require currency conversion, but the necessary settings have not been defined.
  Cause:
  The error occurs because:
  
  The global currency conversion settings for the specified currency type (indicated by &2 in the error message) have not been created or are incomplete.
  The system requires these settings to convert amounts from one currency to another during financial postings or reporting.
  
  Solution:
  To resolve this error, you need to create the necessary global currency conversion settings. Here are the steps to do so:
  
  
  Access the Configuration Menu:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings -> Currencies -> Define Global Currency Conversion
  
  
  
  
  Define Global Currency Conversion:
  
  In the configuration screen, you will need to create a new entry for the currency type that is causing the error.
  Specify the currency type (e.g., "M" for transaction currency, "D" for document currency, etc.) and the relevant currencies involved in the conversion.
  Define the conversion rates and any other necessary parameters.
  
  
  
  Save Your Changes:
  
  After entering the required information, save your changes.
  
  
  
  Test the Configuration:
  
  After setting up the global currency conversion, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Currency Types: In SAP, currency types are used to define how different currencies are treated in financial transactions. Common currency types include:
  
  M: Transaction currency
  D: Document currency
  I: Index currency
  
  
  
  Exchange Rates: Ensure that the exchange rates for the currencies involved are maintained in the system. You can do this through:
  SPRO -> SAP Reference IMG -> Financial Accounting (New) -> Financial Accounting Global Settings -> Currencies -> Maintain Exchange Rates
  
  
  Authorization: Ensure that you have the necessary authorization to make changes in the configuration settings.
  
  
  Documentation: Refer to SAP documentation or help resources for more detailed guidance on currency conversion settings and related configurations.
  
  
  By following these steps, you should be able to resolve the FINS_ACDOC_CUST174 error and ensure that your system can handle currency conversions correctly.