How To Fix G00523 - No item for translation difference assigned to inventory item &1

SAP Error Message - Details

• Message type: E = Error

• Message class: G00 - SAP Consolidation

• Message number: 523

• Message text: No item for translation difference assigned to inventory item &1

In task &V3& you specified a comparison exchange rate indicator. The
system uses this to translate supplier and inventory data, and
determines the difference between this data and data that it translates
using the normal translation method. The difference is posted to an
item that you specify.
The system could not find an item for translation differences for
inventory item &V1& in cons chart of accounts &V2&.

System Response

Processing terminated

How to fix this error?

Specify items for translation differences in the IMG, in the chapter
concerning the elimination of interunit profit/loss in inventory.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G00523 - No item for translation difference assigned to inventory item &1 ?

  The SAP error message G00523, which states "No item for translation difference assigned to inventory item &1," typically occurs in the context of inventory management and financial accounting. This error indicates that there is no account assigned to handle translation differences for the specified inventory item. Translation differences can arise when dealing with foreign currency transactions, and SAP needs to know how to account for these differences.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the inventory item in question does not have a translation difference account assigned in the system.
  Currency Settings: The item may be set up in a foreign currency, and the system is unable to find the appropriate account to post any translation differences.
  Master Data Issues: The material master data may not be correctly configured to handle translation differences.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Material Master Data:
  
  Go to the material master record for the inventory item (transaction code MM03).
  Check the accounting view to ensure that the translation difference account is assigned correctly.
  
  
  
  Assign Translation Difference Account:
  
  If the account is missing, you will need to assign a translation difference account. This can typically be done in the material master under the accounting view.
  You may need to consult with your finance team to determine the correct account to use.
  
  
  
  Review Currency Settings:
  
  Ensure that the currency settings for the material are correct. If the material is meant to be handled in a foreign currency, ensure that the appropriate currency settings are in place.
  
  
  
  Check Configuration:
  
  If you have access to configuration settings, check the settings in the Financial Accounting (FI) module to ensure that translation differences are properly configured for inventory items.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on handling translation differences and inventory items.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  MM03 - Display Material
  MM02 - Change Material
  OBYC - Configuration for automatic postings
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary permissions to make changes to material master data and configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in inventory management and financial accounting within SAP.