How To Fix K6029 - The time reference of currency translation type & is not supported.

SAP Error Message - Details

• Message type: E = Error

• Message class: K6 - EC-EIS/EC-BP data basis: Data entry and collection

• Message number: 029

• Message text: The time reference of currency translation type & is not supported.

What causes this issue?

The time reference of the currency translation type is not supported.
Time references 'Start of the period', 'End of the period', 'End of the
fiscal year' and a fixed date for exchange rate determination are
supported.

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?

Please change the currency translation type in Customizing.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K6029 - The time reference of currency translation type & is not supported. ?

  The SAP error message K6029, which states "The time reference of currency translation type & is not supported," typically occurs in the context of currency translation in SAP, particularly when dealing with financial reporting and analysis. This error indicates that the currency translation type being used does not have a valid time reference for the specified operation.
  Cause:
  
  Unsupported Time Reference: The currency translation type specified does not support the time reference (e.g., daily, monthly, yearly) that is being used in the transaction or report.
  Configuration Issues: The currency translation type may not be properly configured in the system, or the settings for the time reference may not align with the requirements of the transaction.
  Missing or Incorrect Settings: The settings for the currency translation type in the configuration may be incomplete or incorrect, leading to the error when attempting to perform the translation.
  
  Solution:
  
  
  Check Currency Translation Type Configuration:
  
  Go to the configuration settings for currency translation types in SAP (Transaction Code: OB22 or similar).
  Verify that the currency translation type you are using is correctly configured and supports the time reference you are trying to use.
  
  
  
  Review Time Reference Settings:
  
  Ensure that the time reference you are using is valid for the currency translation type. If you are using a specific time reference (like daily or monthly), check if the translation type supports it.
  
  
  
  Adjust the Transaction:
  
  If possible, modify the transaction or report to use a different currency translation type that is compatible with the time reference you need.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to currency translation types and their configurations to ensure you are following the correct procedures.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration and settings, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for currency translation types) and others related to financial reporting.
  SAP Notes: Check for any SAP Notes related to currency translation types and error K6029, as they may provide specific fixes or updates.
  Documentation: Review the SAP Help Portal for detailed documentation on currency translation and related configuration settings.
  
  By following these steps, you should be able to identify the cause of the K6029 error and implement a suitable solution.