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

SAP Error Message - Details

• 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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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 OB22 (Define Currency Types).
  Ensure that the relevant currency types (e.g., group currency, hard currency) are set up correctly.
  
  
  
  Review Migration Settings:
  
  Check the migration settings in the Financials module to ensure that the system is set to convert additional currencies. This can involve reviewing the migration cockpit or the specific migration program being used.
  Ensure that the necessary data is available and correctly mapped for conversion.
  
  
  
  Data Validation:
  
  Validate the financial data to ensure that there are entries that require conversion. If there are no entries in additional currencies, the message is expected and can be ignored.
  If you expect entries to be present, check the data extraction and loading processes to ensure that they were completed successfully.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to the migration process for any specific requirements or configurations that may have been overlooked.
  
  
  
  Testing:
  
  If changes are made to the configuration or data, perform a test migration to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for currency configuration), FSP0 (for financial statement versions), and FINS_ML_MIG (for migration processes).
  SAP Notes: Check SAP Notes for any known issues or updates related to the error message FINS_ML_MIG049.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.