How To Fix UCF2031 - Local currency values were copied from group currency values

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF2 - Messages for Currency Translation

• Message number: 031

• Message text: Local currency values were copied from group currency values

What causes this issue?

The local currency values were not translated by the system, but were
copied from the group currency values. This was done for the following
reasons:
The company's local currency key in the new fiscal year is the same as
the group currency key.
In Customizing for the balance carryforward task, you activated the
<LS>Copy Local Currency Values from Group Currency Values function.</>

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCF2031 - Local currency values were copied from group currency values ?

  The SAP error message UCF2031 indicates that local currency values were copied from group currency values during a consolidation process. This typically occurs in the context of financial consolidation in SAP, particularly when using the SAP Business Consolidation (BC) or SAP S/4HANA Finance modules.
  Cause:
  The error usually arises due to one of the following reasons:
  
  
  Currency Configuration Issues: The local currency for the entity may not be properly defined or configured in the system. This can happen if the local currency is not set up correctly in the master data of the company code or if there are inconsistencies in the currency settings.
  
  
  Data Entry Errors: There may be incorrect data entries in the financial statements or during the consolidation process, leading to the system attempting to copy values incorrectly.
  
  
  Missing Exchange Rates: If the exchange rates between the group currency and local currency are not maintained or are incorrect, the system may not be able to convert values properly.
  
  
  Consolidation Settings: The settings in the consolidation configuration may not be aligned with the requirements for local currency calculations.
  
  
  Solution:
  To resolve the UCF2031 error, you can take the following steps:
  
  
  Check Currency Configuration:
  
  Verify that the local currency is correctly defined in the company code settings.
  Ensure that the currency settings in the master data for the entities involved are correct.
  
  
  
  Review Data Entries:
  
  Check the financial data entries for any discrepancies or errors that may have led to the incorrect copying of values.
  Ensure that all necessary data is entered correctly before running the consolidation process.
  
  
  
  Maintain Exchange Rates:
  
  Ensure that the exchange rates between the group currency and local currency are maintained in the system.
  Check if the exchange rate type used for the consolidation is correctly set up.
  
  
  
  Adjust Consolidation Settings:
  
  Review the consolidation settings in the system to ensure they are configured correctly for local currency calculations.
  Make any necessary adjustments to the consolidation rules or settings.
  
  
  
  Run the Consolidation Process Again:
  
  After making the necessary corrections, rerun the consolidation process to see if the error persists.
  
  
  
  Related Information:
  
  SAP Notes: Check SAP Notes related to UCF2031 for any specific patches or updates that may address this issue.
  Documentation: Refer to the SAP documentation for financial consolidation and currency management for detailed guidance on configuration and troubleshooting.
  Support: If the issue persists after following the above steps, consider reaching out to SAP support or consulting with an SAP expert for further assistance.
  
  By addressing the underlying causes and ensuring proper configuration and data integrity, you should be able to resolve the UCF2031 error effectively.