How To Fix G00423 - C/T key "income statement" is missing for translation of goodwill

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 423

• Message text: C/T key "income statement" is missing for translation 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 currency translation
key for the income statement was specifed in the global settings for
C/I for the currency translation of goodwill into local currency.

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 currency translation key "income statement" in the global
settings for C/I.

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 G00423 - C/T key "income statement" is missing for translation of goodwill ?

  The SAP error message G00423 indicates that there is a missing C/T (Chart of Accounts/Transaction) key for the "income statement" related to the translation of goodwill. This typically occurs in the context of financial reporting and consolidation processes, particularly when dealing with multi-currency environments or when translating financial statements from one currency to another.
  Cause:
  
  Missing Configuration: The error usually arises when the necessary configuration for the translation of goodwill in the income statement is not set up in the system. This could be due to missing entries in the relevant tables or settings in the SAP system.
  Incorrect Settings: The settings for the translation of goodwill may not be correctly defined in the system, leading to the inability to find the required C/T key.
  Version Issues: Sometimes, the error can be related to the version of SAP being used, where certain functionalities or configurations may not be available or properly implemented.
  
  Solution:
  
  
  Check Configuration: 
  
  Go to the SAP Customizing Implementation Guide (SPRO) and navigate to the relevant section for financial accounting and consolidation.
  Ensure that the C/T key for the income statement is properly defined and that the translation settings for goodwill are correctly configured.
  
  
  
  Maintain C/T Key:
  
  If the C/T key is missing, you may need to create or maintain it. This can typically be done in the transaction code OBY6 (for maintaining the C/T key) or through the relevant configuration path in SPRO.
  
  
  
  Review Translation Settings:
  
  Check the settings for currency translation in the financial accounting module. Ensure that the translation method for goodwill is defined and that all necessary parameters are set.
  
  
  
  Consult Documentation: 
  
  Review SAP documentation or notes related to this error message. SAP Notes may provide specific guidance or patches that address this issue.
  
  
  
  Testing: 
  
  After making the necessary changes, perform a test run to ensure that the error no longer occurs and that the translation of goodwill is functioning as expected.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (for maintaining C/T keys), OB22 (for defining translation methods), and others related to financial reporting.
  SAP Notes: Search for SAP Notes related to G00423 for any specific fixes or recommendations provided by SAP.
  User Forums: Consider checking SAP community forums or user groups for discussions related to this error, as other users may have encountered and resolved similar issues.
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP financial accounting.