How To Fix HRPAYSV055 - &1: Incorrect currency translation in indirect valuation

SAP Error Message - Details

• Message type: E = Error

• Message class: HRPAYSV - Messages for HR_DISPLAY_ERROR_LIST SI Reports

• Message number: 055

• Message text: &1: Incorrect currency translation in indirect valuation

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message HRPAYSV055 - &1: Incorrect currency translation in indirect valuation ?

  The SAP error message HRPAYSV055 indicates that there is an issue with currency translation in the context of indirect valuation in the payroll process. This error typically arises when the system encounters a problem with the currency conversion for wage types or other payroll components that require a specific currency.
  Cause:
  
  Incorrect Configuration: The error may be due to incorrect configuration in the payroll settings, particularly in the area of currency translation or valuation methods.
  Missing Exchange Rates: If the exchange rates for the currencies involved are not maintained in the system, the payroll process may fail to convert amounts correctly.
  Inconsistent Currency Settings: There may be inconsistencies in the currency settings between different components of the payroll process, such as between master data and payroll results.
  Indirect Valuation Issues: The indirect valuation method may not be set up correctly, leading to issues in how the system calculates the values.
  
  Solution:
  
  Check Configuration: Review the configuration settings for payroll and ensure that the currency translation settings are correctly defined. This includes checking the valuation methods and ensuring they are appropriate for the wage types involved.
  Maintain Exchange Rates: Ensure that the necessary exchange rates are maintained in the system. You can do this by navigating to the relevant transaction (e.g., OB08) to maintain exchange rates for the currencies in question.
  Review Master Data: Check the master data for employees to ensure that the currency settings are consistent and correct. This includes reviewing the infotypes related to payroll and compensation.
  Analyze Payroll Results: Use transaction codes like PC_PAYRESULT to analyze the payroll results and identify where the currency translation is failing.
  Consult Documentation: Refer to SAP documentation or notes related to HR payroll and currency translation for any specific guidance or known issues.
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Transaction Codes: Familiarize yourself with transaction codes such as PA20 (Display HR Master Data), PA30 (Maintain HR Master Data), and PC_PAYRESULT (Display Payroll Results) for analyzing employee data and payroll results.
  Support: If the issue persists after checking the above points, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the HRPAYSV055 error in your SAP system.