How To Fix UC747 - Currency translation method & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: UC - FI/CO Data transfer: errors during transfer

• Message number: 747

• Message text: Currency translation method & does not exist

What causes this issue?

In a transfer rule, a currency conversion mode is used that no longer
exists.

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 conversion mode.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UC747 - Currency translation method & does not exist ?

  The SAP error message UC747, which states "Currency translation method & does not exist," typically occurs when the system is unable to find a specified currency translation method in the configuration. This can happen in various contexts, such as during financial reporting, currency conversion, or when running specific transactions that require currency translation.
  Cause:
  
  Missing Configuration: The specified currency translation method has not been defined in the system.
  Incorrect Method Name: The method name being referenced may be misspelled or incorrect.
  Authorization Issues: The user may not have the necessary authorizations to access the currency translation methods.
  System Upgrade or Changes: Changes in system configuration or upgrades may have led to the removal or alteration of the currency translation method.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB22 (for defining currency translation methods).
  Verify if the currency translation method you are trying to use exists. If it does 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 defining the necessary parameters (like the translation type, rates, etc.).
  Ensure that the method is correctly configured according to your organization's requirements.
  
  
  
  Verify Method Name:
  
  Double-check the spelling and format of the currency translation method being referenced in your transaction or report.
  
  
  
  Check Authorizations:
  
  Ensure that the user has the necessary authorizations to access the currency translation methods. This can be checked with your SAP security team.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency translation methods for additional guidance on configuration and usage.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB22: Define Currency Translation Methods
  OB08: Maintain Exchange Rates
  
  
  SAP Notes: Check for any relevant SAP Notes that might address known issues or provide additional guidance on currency translation methods.
  Documentation: SAP Help Portal provides detailed documentation on financial accounting and currency translation methods.
  
  By following these steps, you should be able to resolve the UC747 error and ensure that the currency translation method is correctly configured in your SAP system.