How To Fix GK263 - Consolidated data can only be validated in group currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 263

• Message text: Consolidated data can only be validated in group currency

What causes this issue?

<DS:GLOS.consolidated_financial_data>Consolidated financial data</> is
always checked in <DS:GLOS.group_currency>group currency</>.

System Response

Program terminated

How to fix this error?

Either specify a different valuation, or validate the consolidated data
using the group currency.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK263 - Consolidated data can only be validated in group currency ?

  The SAP error message GK263, which states "Consolidated data can only be validated in group currency," typically occurs in the context of financial consolidation processes within SAP systems, particularly when using the SAP Financial Consolidation (FC) or SAP Business Planning and Consolidation (BPC) modules. This error indicates that the system is attempting to validate consolidated financial data that is not in the designated group currency.
  Cause:
  
  Currency Mismatch: The data being validated is in a local currency rather than the group currency. Consolidation processes require that all data be converted and validated in the group currency to ensure consistency and accuracy.
  Configuration Issues: There may be issues with the configuration of the currency settings in the consolidation application or the master data settings for the entities involved.
  Missing Currency Conversion: The necessary currency conversion routines may not have been executed, or the conversion rates may not be set up correctly.
  
  Solution:
  
  Check Currency Settings: Ensure that the entities involved in the consolidation have their currencies correctly defined. Verify that the group currency is set up properly in the master data.
  Perform Currency Conversion: If the data is in local currency, ensure that the currency conversion process has been executed. This may involve running a specific transaction or report to convert local currencies to the group currency.
  Review Consolidation Configuration: Check the configuration settings for the consolidation process to ensure that it is set up to handle currency conversions correctly.
  Validate Data in Group Currency: Ensure that any validation processes are explicitly set to validate data in the group currency. This may involve adjusting settings in the consolidation application.
  Consult Documentation: Refer to SAP documentation or help resources for specific instructions related to your version of SAP and the consolidation module you are using.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling currency issues in consolidation.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), FAGLB03 (Display G/L Account Balances), or specific BPC transactions for currency conversion.
  User Roles and Authorizations: Ensure that the user executing the consolidation has the necessary authorizations to perform currency conversions and validations.
  Testing: After making changes, conduct thorough testing to ensure that the error does not recur and that the consolidation process works as expected.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant with expertise in SAP Financial Consolidation or BPC.