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

SAP Error Message - Details

• 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: Sometimes, the user may not have the necessary authorizations to access the required accounts or ledgers.
  
  
  Solutions:
  
  
  Check Configuration:
  
  Go to the configuration settings for foreign currency valuation in the SAP system (Transaction code: OB08 for exchange rates, and OBA7 for valuation).
  Ensure that the necessary accounts for foreign currency valuation are defined in the relevant configuration settings.
  
  
  
  Review Document Type Settings:
  
  Check the settings for the document type being processed to ensure it is configured to allow for foreign currency valuation.
  
  
  
  Account Assignment:
  
  Verify that the account assignment for the document is correctly defined. This may involve checking the relevant master data (e.g., vendor/customer accounts, GL accounts).
  
  
  
  Data Consistency:
  
  Review the document for any inconsistencies, such as missing currency codes or incorrect amounts. Correct any discrepancies found.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to access the accounts or ledgers involved in the transaction.
  
  
  
  Consult SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error message. SAP frequently releases updates and patches that may resolve known issues.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain exchange rates.
  OBA7: Define valuation areas.
  FB03: Display document to review the document details.
  
  
  
  Documentation: Review SAP documentation related to foreign currency valuation and financial accounting to understand the underlying processes and configurations.
  
  
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary solutions to resolve it.