How To Fix HRCMP00REPORTING724 - Indirectly valuated WT not allowed in basic pay record with foreign curr.

SAP Error Message - Details

• Message type: E = Error

• Message class: HRCMP00REPORTING - Compensation Management: Reporting and Workflow

• Message number: 724

• Message text: Indirectly valuated WT not allowed in basic pay record with foreign curr.

Self-Explanatory Message

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• What is the cause and solution for SAP error message HRCMP00REPORTING724 - Indirectly valuated WT not allowed in basic pay record with foreign curr. ?

  The SAP error message HRCMP00REPORTING724 indicates that there is an issue with the configuration of wage types (WT) in the context of basic pay records, particularly when dealing with foreign currencies. This error typically arises when an indirectly valuated wage type is being used in a context where it is not allowed, especially in basic pay records that involve foreign currency.
  Cause:
  
  Indirect Valuation: The wage type in question is indirectly valuated, meaning its value is derived from other wage types or calculations rather than being directly entered.
  Currency Issues: The error often occurs when the payroll is set up to handle foreign currencies, and the indirectly valuated wage type is not configured to support this.
  Configuration Settings: There may be a misconfiguration in the payroll settings or wage type characteristics that does not allow for the use of indirectly valuated wage types in basic pay records when foreign currency is involved.
  
  Solution:
  
  
  Check Wage Type Configuration:
  
  Go to the transaction code SM30 or SM31 and check the configuration of the wage type in question.
  Ensure that the wage type is set up correctly for the intended use, especially regarding its valuation type (direct vs. indirect).
  
  
  
  Review Payroll Schema:
  
  Check the payroll schema to ensure that the indirectly valuated wage type is being processed correctly.
  Make sure that the schema allows for the use of this wage type in the context of foreign currency.
  
  
  
  Currency Configuration:
  
  Verify the currency settings in the payroll area. Ensure that the indirectly valuated wage type is compatible with the currency settings.
  If necessary, adjust the configuration to allow for the use of indirectly valuated wage types in foreign currency scenarios.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to wage type configuration and foreign currency handling to ensure compliance with best practices.
  
  
  
  Testing:
  
  After making changes, run a test payroll to ensure that the error does not occur and that the payroll calculations are correct.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring wage types for foreign currency.
  SAP Community: Engage with the SAP Community forums to see if other users have encountered similar issues and what solutions they have implemented.
  Training and Documentation: Consider reviewing training materials or documentation related to payroll configuration in SAP, particularly focusing on wage types and currency handling.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP HR consultant or your internal SAP support team for further assistance.