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

G00523 - Overview

• 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