How To Fix GLFLEX010 - The first currency type must be "10" in legal valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: GLFLEX - Flexible G/L Customizing

• Message number: 010

• Message text: The first currency type must be "10" in legal valuation

What causes this issue?

The company code currency (currency type "10") is needed for the
flexible general ledger and has to be assigned to the first currency
type.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GLFLEX010 - The first currency type must be "10" in legal valuation ?

  The SAP error message GLFLEX010 indicates that there is an issue with the currency settings in the legal valuation of a financial document. Specifically, it states that the first currency type must be "10", which typically represents the company code currency in SAP.
  Cause:
  The error occurs when the system expects the first currency type in a legal valuation to be the company code currency (currency type "10"), but it is not set correctly. This can happen due to:
  
  Incorrect configuration in the financial document or transaction.
  The currency type for the legal valuation is set to something other than "10".
  Issues with the master data settings for the company code or the financial document being processed.
  
  Solution:
  To resolve the GLFLEX010 error, you can take the following steps:
  
  
  Check the Document: Review the financial document that triggered the error. Ensure that the currency type is set correctly. The first currency type should be "10" (company code currency).
  
  
  Review Configuration:
  
  Go to the configuration settings for the financial accounting module.
  Check the settings for currency types in the legal valuation. Ensure that the first currency type is set to "10".
  
  
  
  Master Data Settings:
  
  Verify the master data for the company code. Ensure that the company code currency is correctly defined.
  Check if there are any inconsistencies in the currency settings for the relevant accounts.
  
  
  
  Transaction Settings: If the error occurs during a specific transaction, check the transaction settings to ensure that they are configured to use the correct currency types.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for more detailed guidance on currency types and legal valuation settings.
  
  
  Testing: After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  Related Information:
  
  
  Currency Types in SAP: In SAP, currency types are used to define how different currencies are handled in financial transactions. Common currency types include:
  
  "10": Company code currency
  "20": Group currency
  "30": Hard currency
  "40": Index currency
  
  
  
  Legal Valuation: Legal valuation is a process in SAP that ensures compliance with legal and regulatory requirements for financial reporting. It often involves converting and reporting financial data in specific currencies.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. SAP Notes can provide additional insights or solutions based on the version of SAP you are using.
  
  
  If the issue persists after following these steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.