How To Fix FINS_ML_MIG049 - No additional currencies. Consequently no entries need to be converted

FINS_ML_MIG049 - Overview

• Message type: E = Error

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

• Message number: 049

• Message text: No additional currencies. Consequently no entries need to be converted

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_MIG049 - No additional currencies. Consequently no entries need to be converted ?

  The SAP error message FINS_ML_MIG049 indicates that there are no additional currencies available for conversion during a migration process, typically related to the migration of financial data in the context of the New General Ledger (New GL) or Multi-Currency functionality in SAP.
  
  Cause:
  
  No Additional Currencies Defined: The system is configured to use only the local currency, and there are no additional currencies set up for the company code or the relevant financial documents.
  Migration Settings: During the migration process, the settings may not have been configured to include additional currencies, or the necessary data may not have been populated.
  Data Availability: There may not be any financial entries that require conversion because they are already in the local currency or there are no entries at all.
  
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the configuration settings in SAP and verify that additional currencies are defined for the company code. This can be done in the transaction code