How To Fix UCF2023 - Document type &2: Selected item "&1" does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF2 - Messages for Currency Translation

• Message number: 023

• Message text: Document type &2: Selected item "&1" does not exist

What causes this issue?

Clearing entries with document type &V2& need to be posted in order to
record a currency translation difference that affects net income. The
selected item &V1& designated for this purpose has not been defined.

System Response

Currency translation cannot be executed properly.

How to fix this error?

Check the definition of selected item &V1& in Customizing for
Consolidation. If applicable, change selected item &V1& with respect to
the Customizing settings of document type &V2&.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.