How To Fix GC121 - Currency translation method & not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 121

• Message text: Currency translation method & not defined

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GC121 - Currency translation method & not defined ?

  The SAP error message GC121, which states "Currency translation method & not defined," typically occurs when there is an issue with the currency translation settings in the system. This error is often encountered during financial reporting or when performing currency translations in SAP.
  
  Cause:
  
  Missing Configuration: The currency translation method has not been defined in the system for the specific currency or scenario you are trying to process.
  Incorrect Settings: The settings for the currency translation method may be incorrectly configured or not aligned with the requirements of the financial reporting.
  Master Data Issues: The master data for the relevant currencies may not be set up correctly, leading to the inability to find the appropriate translation method.
  Versioning Issues: If you are using different versions of SAP or have recently upgraded, the translation methods may not have been migrated correctly.
  
  
  Solution:
  
  
  Define Currency Translation Method:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) >