Error while running Actual Cost Process.

Hi,
Currently i am trying to implement Actual Costing with calculation type as (PMAC). when i run the actual cost process it is showing the error below.
Errors:
Warning: Cannot find the previous cost period record.
Warning: Total allocated GL expense amount on item MN1-004 is zero or negative.
Do please help me in Using Gl Expense allocation process like what are the steps involved and how system will allocate the cost to items.
Thanks
Amit

For the currency you are converting to: XXX
INPUTCURRENCY dimension must have XXX as a member with "REPORTING" property set to "Y"
and
RPTCURRENCY dimension must have XXX as a member with "REPORTING" property set to "Y" and "CURRENCY_TYPE" property set to "R"
It needs to be in both dimensions with the right properties.  INPUTCURRENCY is the currency dimension in the RATE cube, RPTCURRENCY is the currency dimension in the financial or consolidations cube.

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