How To Fix UCFI004 - No exchange rate indicator for balance sheet items for period &1/&2

UCFI004 - Overview

• Message type: E = Error

• Message class: UCFI - Messages for Elim. of IU Profit/Loss

• Message number: 004

• Message text: No exchange rate indicator for balance sheet items for period &1/&2

What causes this issue?

The exchange rate indicator is missing for balance sheet items in
period &v1&/&v2&.

System Response

Processing terminated

How to fix this error?

Maintain the task for elimination of IU profit/loss in inventory for
period &v1&/&v2& and define the exchange rate indicator.

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message UCFI004 - No exchange rate indicator for balance sheet items for period &1/&2 ?

  The SAP error message UCFI004 indicates that there is no exchange rate indicator defined for balance sheet items for the specified period. This typically occurs in the context of foreign currency valuation or when performing currency translations in financial reporting.
  
  Cause:
  
  
  Missing Exchange Rate Indicator: The primary cause of this error is that the system cannot find a valid exchange rate indicator for the specified period and balance sheet items. This can happen if:
  
  The exchange rate type is not defined in the system.
  The exchange rate type is not maintained for the specific period.
  The exchange rate type is not assigned to the relevant company code or currency.
  
  
  
  Incorrect Configuration: There may be issues with the configuration of the currency settings in the SAP system, particularly in the Financial Accounting (FI) module.
  
  
  
  Solution:
  To resolve the UCFI004 error, you can follow these steps:
  
  
  Check Exchange Rate Types:
  
  Go to the transaction code OB08 to check the exchange rates.
  Ensure that