How To Fix GK190 - Currency translation method & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 190

• Message text: Currency translation method & is not defined

What causes this issue?

The currency translation method &V1& is not defined.

System Response

End of processing

How to fix this error?

Define the currency translation method &V1& or use another currency
translation method.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

<DS:TRAN.CXD1>Currency translation methods</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK190 - Currency translation method & is not defined ?

  The SAP error message GK190, which states "Currency translation method & is not defined," typically occurs in the context of financial reporting and currency translation processes within SAP. This error indicates that the system is unable to find a defined currency translation method for the specified scenario, which can hinder the execution of financial reports or transactions that require currency conversion.
  Cause:
  
  Missing Configuration: The currency translation method has not been defined in the system for the specific currency pair or reporting scenario.
  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 financial objects (like company codes, controlling areas, etc.) may not have the necessary currency translation method assigned.
  Versioning Issues: If there are multiple versions of the currency translation method, the system may be referencing an outdated or incorrect version.
  
  Solution:
  
  
  Define Currency Translation Method:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Translation > Define Currency Translation Methods.
  Create or modify the currency translation method as needed, ensuring that it meets the requirements for your reporting.
  
  
  
  Assign Currency Translation Method:
  
  Ensure that the defined currency translation method is assigned to the relevant company codes or controlling areas.
  Check the settings under Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare G/L Account Master Data to ensure that the currency translation method is correctly assigned.
  
  
  
  Check Master Data:
  
  Review the master data for the relevant financial objects to ensure that they are correctly configured to use the defined currency translation method.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test run of the financial report or transaction that was previously generating the error to confirm that the issue has been resolved.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed guidance on currency translation methods and their configuration.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (for maintaining exchange rates) and OBA7 (for defining currency translation methods).
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or consulting with an SAP FI/CO expert for further assistance.
  
  By addressing the configuration and assignment of the currency translation method, you should be able to resolve the GK190 error and proceed with your financial reporting tasks.