How To Fix GK194 - No reference exchange rate indicator defined for translation method &

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 194

• Message text: No reference exchange rate indicator defined for translation method &

What causes this issue?

No reference exchange rate indicator was assigned to currency
translation method &V1&

System Response

Termination of processing

How to fix this error?

Assign a reference exchange rate indicator to currency translation
method &V1&

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

<DS:TRAN.CXD1>Maintain 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 GK194 - No reference exchange rate indicator defined for translation method & ?

  The SAP error message GK194 indicates that there is no reference exchange rate indicator defined for the specified translation method. This error typically arises in the context of currency translation in financial reporting or when dealing with foreign currency valuations.
  Cause:
  The error occurs when:
  
  A translation method is being used that does not have a corresponding reference exchange rate indicator defined in the system.
  The configuration for currency translation is incomplete or incorrect.
  The translation method being used is not properly set up in the system.
  
  Solution:
  To resolve the GK194 error, you can follow these steps:
  
  
  Check Translation Method Configuration:
  
  Go to the SAP transaction code OB08 to check the exchange rate types and ensure that the translation method you are using has a valid reference exchange rate indicator assigned.
  If the translation method is not defined correctly, you may need to create or modify it.
  
  
  
  Define Reference Exchange Rate Indicator:
  
  If the reference exchange rate indicator is missing, you can define it in the configuration settings.
  Navigate to the configuration path: SPRO -> Financial Accounting (New) -> Financial Accounting Global Settings (New) -> Currencies -> Define Translation Methods.
  Here, you can create or modify the translation method and ensure that a reference exchange rate indicator is assigned.
  
  
  
  Check for Missing Data:
  
  Ensure that the necessary exchange rates are maintained in the system for the relevant currencies. You can do this in transaction OB08 by entering the required exchange rates.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by running the transaction or report that previously generated the error to ensure that it has been resolved.
  
  
  
  Consult Documentation:
  
  If you are unsure about the correct settings, refer to SAP documentation or consult with your SAP functional consultant for guidance on the specific translation methods and exchange rate indicators relevant to your organization.
  
  
  
  Related Information:
  
  Translation Methods: These are used in SAP to determine how currency translations are performed in financial reporting. Each method can have different rules and settings.
  Exchange Rate Types: These are defined in SAP to categorize different types of exchange rates (e.g., average rate, spot rate) and are crucial for accurate currency conversion.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring translation methods and exchange rates.
  
  By following these steps, you should be able to resolve the GK194 error and ensure that your currency translation processes function correctly.