How To Fix FINS_ML_MIG030 - Parallel currencies do not 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: 030

• Message text: Parallel currencies do not 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_MIG030 - Parallel currencies do not exist for corresponding valuation area ?

  The SAP error message FINS_ML_MIG030 indicates that there is an issue with parallel currencies in the context of a valuation area during a migration or data processing task. This error typically arises when the system expects certain parallel currency settings to be configured but finds that they are missing or not properly set up.
  Cause:
  
  Missing Parallel Currency Configuration: The valuation area (which could be a company code or a controlling area) does not have the necessary parallel currency settings defined in the system.
  Incorrect Configuration: The parallel currencies may be incorrectly configured, leading to discrepancies in the expected data.
  Migration Issues: If you are migrating data from an older version of SAP or from another system, the necessary parallel currency settings may not have been migrated correctly.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB22 (for company code) or OKKP (for controlling area) to check the parallel currency settings.
  Ensure that the parallel currencies are defined for the relevant valuation area. You should have at least one parallel currency set up (e.g., Group currency, Hard currency).
  
  
  
  Define Parallel Currencies:
  
  If parallel currencies are not defined, you can add them in the configuration settings. Make sure to specify the correct currency types and ensure they align with your business requirements.
  
  
  
  Review Migration Settings:
  
  If this error occurs during a migration process, review the migration settings and ensure that all necessary configurations, including parallel currencies, are included in the migration plan.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the specific version you are using for any additional steps or considerations that may be relevant to your situation.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test run to ensure that the error does not reoccur and that the system processes the data correctly.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB22: Configuration for company code settings.
  OKKP: Configuration for controlling area settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or fixes related to this error.
  SAP Community: Engage with the SAP Community forums for discussions and solutions shared by other users who may have encountered similar issues.
  
  By following these steps, you should be able to resolve the FINS_ML_MIG030 error and ensure that your parallel currency settings are correctly configured.