How To Fix UCF6130 - Method &1: The transaction types for currency translation are required

SAP Error Message - Details

• Message type: E = Error

• Message class: UCF6 - Messages for Consolidation of Investments

• Message number: 130

• Message text: Method &1: The transaction types for currency translation are required

What causes this issue?

You need to specify the transaction types for currency translation in
method &V1&. Currently, one or more transaction types for currency
translation have not been specified.
Note: Before you can specify the transaction types, you need to have
defined a financial statement item for the original cost, and values for
the valuation allowances item.

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?

Specify a value for each transaction type for currency translation.

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 UCF6130 - Method &1: The transaction types for currency translation are required ?

  The SAP error message UCF6130, which states "Method &1: The transaction types for currency translation are required," typically occurs in the context of currency translation processes in SAP, particularly when using the Universal Journal or when dealing with financial reporting and consolidation.
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Missing Configuration: The transaction types required for currency translation have not been defined in the system. This can happen if the necessary settings in the configuration for currency translation are incomplete or missing.
  
  
  Incorrect Settings: The settings for the currency translation method may not be correctly configured, leading to the system being unable to find the required transaction types.
  
  
  Data Issues: There may be issues with the data being processed, such as missing or incorrect entries that prevent the system from executing the currency translation.
  
  
  Solution:
  To resolve the UCF6130 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Currency Translation.
  Ensure that the transaction types for currency translation are defined correctly. You may need to create or adjust the transaction types as necessary.
  
  
  
  Define Transaction Types:
  
  If transaction types are missing, you can define them by going to the relevant configuration section and creating the necessary entries.
  
  
  
  Review Currency Translation Methods:
  
  Check the currency translation methods configured in your system. Ensure that they are set up to use the correct transaction types.
  
  
  
  Test with Sample Data:
  
  After making the necessary changes, test the currency translation process with sample data to ensure that the error does not reoccur.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed guidance on configuring currency translation and transaction types.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configuration and settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  
  Transaction Codes: You may find it useful to familiarize yourself with transaction codes related to currency translation, such as:
  
  OB22: Define Transaction Types
  OB08: Define Exchange Rates
  FAGL_CURRENCY_TRANSLATION: Execute Currency Translation
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on currency translation issues.
  
  
  Documentation: Review the SAP Help Portal for detailed documentation on financial accounting and currency translation processes.
  
  
  By following these steps, you should be able to identify and resolve the cause of the UCF6130 error in your SAP system.