How To Fix G00420 - Exch.rate ind. "balance sheet" is missing for currency trl. of goodwill

G00420 - Overview

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 420

• Message text: Exch.rate ind. "balance sheet" is missing for currency trl. of goodwill

What causes this issue?

The function "goodwill in local currency" was activated in the system
settings for the utilization of C/I. However, no exchange rate indicator
was specifed in the global settings for C/I for currency translation of
goodwill into local currency in the balance sheet.

System Response

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

How to fix this error?

Maintain the exchange rate indicator "balance sheet" in the global
settings for C/I for currency translation of goodwill.

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 G00420 - Exch.rate ind. "balance sheet" is missing for currency trl. of goodwill ?

  The SAP error message G00420 indicates that there is a missing exchange rate indicator for the balance sheet currency related to the goodwill account. This typically occurs in the context of financial accounting and can affect the proper valuation of goodwill in different currencies.
  
  Cause:
  
  Missing Exchange Rate Indicator: The exchange rate indicator for the balance sheet currency (in this case, the currency of goodwill) is not defined in the system.
  
  Configuration Issues: The exchange rate type may not be set up correctly in the system, or the necessary exchange rates may not have been maintained.
  Currency Settings: The currency settings for the company code or the specific account may not be configured properly.
  
  
  Solution:
  
  
  Check Exchange Rate Configuration:
  
  Go to the transaction code OB08 to maintain exchange rates.
  Ensure that the exchange rate type used for balance sheet valuations is defined and that the necessary exchange rates are maintained for the relevant currencies.
  
  
  
  Define Exchange Rate Indicator:
  
  Use transaction