How To Fix GK520 - Splitting differences requires an exchange rate indicator (method &1)

GK520 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 520

• Message text: Splitting differences requires an exchange rate indicator (method &1)

What causes this issue?

Method for interunit elimination &V1& should execute a splitting of
differences. An exchange rate indicator must be entered for the
currency translation of data reported in transaction currency into
group currency. Currency translation occurs for the exchange rate of
the exchange rate type, which is validly assigned to this exchange rate
indicator. However no exchange rate indicator is specified for method
&V1&.

System Response

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

How to fix this error?

Check whether method &V1& should really execute a splitting of
differences. If this applies then enter an exchange rate indicator in
the further control options.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GK520 - Splitting differences requires an exchange rate indicator (method &1) ?

  The SAP error message GK520, which states "Splitting differences requires an exchange rate indicator (method &1)," typically occurs in the context of financial transactions involving foreign currency. This error indicates that the system is unable to process a transaction because it lacks the necessary exchange rate information to handle currency differences during splitting.
  
  Cause:
  
  Missing Exchange Rate Indicator: The error is primarily caused by the absence of an exchange rate indicator in the configuration for the relevant transaction or document. This indicator is necessary for the system to determine how to handle currency conversions and differences.
  Incorrect Configuration: The configuration settings for the currency translation or the splitting method may not be set up correctly, leading to the system being unable to find the required exchange rate.
  Transaction Type: The specific transaction type being processed may not have the appropriate settings for handling currency differences.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO)