How To Fix FM_FAGL_REORG024 - Acct or ledger for foreign crcy valuation was not determined for doc. &1

FM_FAGL_REORG024 - Overview

• Message type: E = Error

• Message class: FM_FAGL_REORG - Reorganization: Funds Management

• Message number: 024

• Message text: Acct or ledger for foreign crcy valuation was not determined for doc. &1

What causes this issue?

You want to change the account assignment for certain documents. This
would mean that values in the general ledger would have to be
transferred. These values include adjustment balances from foreign
currency valuation for a receivable or payable.
However, the system could not determine the account or the ledger to
which the balances need to be transferred.

System Response

The reassignment is terminated.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Check the Customizing settings for foreign currency valuation under
<DS:SIMG.FAGL_PARA_TRG_LDG_DC>Check Assignment of Accounting Principle
to Ledger Group</> and <DS:SIMG.SIMG_CFMENUORFBOBA1>Prepare Automatic
Postings for Foreign Currency Valuation</>.
Change the account assignment again.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FM_FAGL_REORG024 - Acct or ledger for foreign crcy valuation was not determined for doc. &1 ?

  The SAP error message FM_FAGL_REORG024 indicates that the system was unable to determine the account or ledger for foreign currency valuation for a specific document. This error typically arises during the execution of financial processes, such as during the foreign currency valuation run or when trying to post transactions that involve foreign currency.
  Causes:
  
  
  Missing Configuration: The most common cause is that the necessary configuration for foreign currency valuation is not set up correctly in the system. This includes missing settings for the valuation area, accounts, or ledgers.
  
  
  Incorrect Document Type: The document type being processed may not be configured to allow for foreign currency valuation.
  
  
  Missing Account Assignment: The account assignment for the specific document may not be defined in the system, leading to the inability to determine the appropriate account for valuation.
  
  
  Inconsistent Data: There may be inconsistencies in the data related to the document, such as missing or incorrect currency information.
  
  
  Authorization Issues: