How To Fix FINS_ML_MIG029 - Parallel currencies exist for corresponding valuation area

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ML_MIG - Messages for S/4HANA Material Ledger Migration

• Message number: 029

• Message text: Parallel currencies exist for corresponding valuation area

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_MIG029 - Parallel currencies exist for corresponding valuation area ?

  The SAP error message FINS_ML_MIG029 indicates that there are parallel currencies present for a corresponding valuation area during a migration or data transfer process, particularly in the context of the Migration to the New General Ledger (New GL) or during the migration of Material Ledger data.
  Cause:
  This error typically arises when:
  
  Parallel Currencies: The system has multiple currencies defined for a valuation area, and the migration process is unable to handle these parallel currencies correctly.
  Inconsistent Data: There may be inconsistencies in the data related to currency settings in the configuration of the Material Ledger or General Ledger.
  Configuration Issues: The configuration settings for the valuation area may not be aligned with the expected settings for the migration process.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for the Material Ledger and General Ledger.
  Ensure that the valuation area is correctly set up to handle parallel currencies.
  
  
  
  Review Parallel Currency Settings:
  
  Check the settings for parallel currencies in the relevant valuation area. Ensure that the currencies are correctly defined and that there are no discrepancies.
  
  
  
  Data Consistency Check:
  
  Perform a data consistency check to identify any inconsistencies in the currency data. This can often be done using transaction codes like CKM3N (for Material Ledger) or OB08 (for currency settings).
  
  
  
  Adjust Migration Settings:
  
  If you are using a migration tool or program, review the settings to ensure that it is configured to handle parallel currencies appropriately.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the specific version of SAP you are using. There may be specific guidelines or patches available for handling this error.
  
  
  
  Seek SAP Support:
  
  If the issue persists, consider reaching out to SAP support for assistance. They may provide specific notes or patches that address this error.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for currency settings), CKM3N (for Material Ledger), and FSP0 (for General Ledger).
  SAP Notes: Search for SAP Notes related to FINS_ML_MIG029 for any specific fixes or recommendations provided by SAP.
  Migration Process: Understand the overall migration process to the New GL or Material Ledger, as this will help in identifying where the issue may be occurring.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.