How To Fix 1B031 - Account &1 bank area &2 is not released for currency conversion

1B031 - Overview

• Message type: E = Error

• Message class: 1B - BKK: General Texts

• Message number: 031

• Message text: Account &1 bank area &2 is not released for currency conversion

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1B031 - Account &1 bank area &2 is not released for currency conversion ?

  The SAP error message 1B031 indicates that a specific account in a particular bank area is not released for currency conversion. This error typically arises in the context of financial transactions where currency conversion is required, such as when dealing with foreign currency transactions or when performing bank reconciliations.
  
  Cause:
  The error can occur due to several reasons:
  
  Account Configuration: The account specified in the error message is not set up to allow currency conversion. This could be due to missing settings in the account master data.
  Bank Area Settings: The bank area associated with the account may not be configured to handle currency conversions.
  Currency Settings: The currency settings for the account or bank area may not be properly defined, leading to restrictions on currency conversion.
  Transaction Type: The type of transaction being processed may not be compatible with the currency conversion settings of the account.
  
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check