How To Fix KX747 - Currency translation method & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: KX - EC-EIS/EC-BP: Data basis, data collection

• Message number: 747

• Message text: Currency translation method & does not exist

What causes this issue?

A currency translation modality is used in a transfer rule which does
not exist anymore.

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?

Maintain the currency translation modality.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KX747 - Currency translation method & does not exist ?

  The SAP error message KX747, which states "Currency translation method & does not exist," typically occurs in the context of financial reporting or when performing currency translations in SAP. This error indicates that the system is unable to find the specified currency translation method in the configuration.
  Cause:
  
  Missing Configuration: The currency translation method specified in the transaction or report does not exist in the system. This could be due to a typo or because the method has not been defined in the system.
  Incorrect Settings: The settings for the currency translation method may not have been properly set up in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the currency translation methods.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant section for currency translation methods. This is usually found under:
  
  Financial Accounting (FI) > Financial Accounting Global Settings > Currencies > Define Currency Translation Methods.
  
  
  Verify if the currency translation method you are trying to use is defined. If it is not, you may need to create it.
  
  
  
  Create or Modify Currency Translation Method:
  
  If the method does not exist, you can create a new one by following the steps in the IMG. Ensure that you define the necessary parameters for the translation method.
  
  
  
  Check for Typos:
  
  Ensure that the currency translation method name is correctly entered in the transaction or report. Look for any typographical errors.
  
  
  
  User Authorizations:
  
  Check if the user has the necessary authorizations to access the currency translation methods. If not, you may need to adjust the user roles or permissions.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help files for additional guidance on setting up currency translation methods.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (for maintaining exchange rates) or OB22 (for defining translation methods) to access relevant settings.
  SAP Notes: Check SAP Notes for any known issues or updates related to currency translation methods that may provide additional insights or solutions.
  Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the KX747 error and ensure that the currency translation method is correctly configured in your SAP system.