How To Fix GC221 - Company &: The currency translation has not been performed

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 221

• Message text: Company &: The currency translation has not been performed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message GC221 - Company &: The currency translation has not been performed ?

  The SAP error message GC221 ("Company &: The currency translation has not been performed") typically occurs in the context of financial reporting and currency translation processes within SAP. This error indicates that the system has not completed the necessary currency translation for the specified company code, which is essential for accurate financial reporting, especially in multinational environments where multiple currencies are involved.
  Causes:
  
  Missing Currency Translation Run: The most common cause is that the currency translation process has not been executed for the specified company code.
  Incorrect Configuration: There may be issues with the configuration settings for currency translation in the system.
  Data Issues: Missing or incorrect data in the relevant tables (e.g., exchange rates, financial data) can prevent the currency translation from being performed.
  Period Lock: The period for which the currency translation is being attempted may be locked or closed, preventing any changes or translations.
  Authorization Issues: The user may not have the necessary authorizations to perform the currency translation.
  
  Solutions:
  
  
  Run Currency Translation: 
  
  Navigate to the appropriate transaction (e.g., F.05 for currency translation) and execute the currency translation for the affected company code.
  Ensure that the correct parameters (like translation type, date, etc.) are set.
  
  
  
  Check Configuration:
  
  Review the configuration settings for currency translation in the SAP system (transaction OB22 for defining translation types).
  Ensure that the necessary exchange rates are maintained in the system (transaction OB08).
  
  
  
  Verify Data:
  
  Check the relevant financial data and ensure that all necessary entries are present and correct.
  Look for any missing exchange rates or incorrect entries in the currency tables.
  
  
  
  Check Period Status:
  
  Verify that the financial period is open for posting and that there are no locks preventing the currency translation from being executed.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to perform currency translations. This may involve checking user roles and permissions.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  F.05: Execute currency translation.
  OB08: Maintain exchange rates.
  OB22: Define translation types.
  
  
  
  Documentation: Refer to SAP Help documentation for detailed guidance on currency translation processes and configuration.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or bugs related to currency translation.
  
  
  Testing: After resolving the issue, it is advisable to test the currency translation process in a development or test environment before applying changes in production.
  
  
  By following these steps, you should be able to identify the cause of the GC221 error and implement the necessary solutions to resolve it.