How To Fix G00421 - Exch.rate ind. "income statement" missing for currency trl. of goodwill

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 421

• Message text: Exch.rate ind. "income statement" 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 income statement.

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 "income statement" 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 G00421 - Exch.rate ind. "income statement" missing for currency trl. of goodwill ?

  The SAP error message G00421 indicates that there is a missing exchange rate indicator for the income statement related to the currency translation of goodwill. This error typically arises in the context of financial reporting and currency translation processes within SAP, particularly when dealing with foreign currency transactions and consolidations.
  Cause:
  
  Missing Exchange Rate Indicator: The primary cause of this error is that the system cannot find the necessary exchange rate indicator for the income statement for the specific currency translation of goodwill. This can happen if the exchange rate type is not defined or not properly configured in the system.
  Configuration Issues: There may be issues in the configuration of the currency translation settings in the SAP system, particularly in the Financial Accounting (FI) or Controlling (CO) modules.
  Missing or Incorrect Settings: The settings for the currency translation for goodwill may not have been set up correctly in the system, leading to this error when trying to perform currency translation.
  
  Solution:
  
  Check Exchange Rate Types: Go to the transaction code OB08 (Maintain Exchange Rates) and ensure that the exchange rate type used for the income statement is defined and has valid rates for the relevant currencies.
  Configure Currency Translation: Ensure that the currency translation settings for goodwill are correctly configured. This can be done in the transaction code OBY6 (Define Exchange Rate Types) and ensuring that the correct exchange rate type is assigned to the relevant company code and currency.
  Review Financial Statement Versions: Check the financial statement version settings to ensure that the income statement is properly configured to include the necessary exchange rate indicators.
  Consult Documentation: Review SAP documentation or consult with your SAP Basis or FI/CO consultant to ensure that all necessary configurations are in place for currency translation and that there are no missing components.
  Testing: After making the necessary changes, perform a test run to ensure that the error does not reoccur.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBY6 (Define Exchange Rate Types), and others related to financial reporting and currency settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions that may not be covered in standard documentation.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to exchange rate settings and financial configurations.
  
  If the issue persists after following these steps, it may be beneficial to engage with SAP support or a consultant who specializes in SAP Financials for further assistance.