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

FINS_ML_MIG029 - Overview

• 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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FINS_ML_MIG029 - Details

• 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