How To Fix 1F017 - Account &1 / &2 cannot be inserted; currency &3 not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: 1F - BKK: Beziehungen

• Message number: 017

• Message text: Account &1 / &2 cannot be inserted; currency &3 not possible

&what to do&

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

What causes this issue?

Account &v1& in bank area &v2& has currency &v3&.
The following applies before accounts are eligible for a hierarchy:
Variant 1: All accounts have the same currency.
Variant 2: If accounts with different currencies are to be included
in a hierarchy, it applies for every parent-child
relationship:
- the bank areas of the parent-child are in
the EURO changeover phase

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1F017 - Account &1 / &2 cannot be inserted; currency &3 not possible ?

  The SAP error message 1F017 indicates that there is an issue with inserting an account due to currency constraints. Specifically, the message states that the account (identified by &1 and &2) cannot be inserted because the specified currency (&3) is not allowed or not possible for that account.
  Causes:
  
  Currency Configuration: The currency specified for the account may not be configured correctly in the system. This could be due to the currency not being allowed for the account type or not being set up in the relevant company code.
  Account Type Restrictions: Certain account types may have restrictions on the currencies that can be used. For example, some accounts may only allow local currency or specific foreign currencies.
  Missing Currency in Master Data: The currency may not be included in the master data for the account or the company code.
  Incorrect Transaction: The transaction being performed may not support the currency being used, or the currency may not be valid for the specific transaction type.
  
  Solutions:
  
  Check Account Master Data: Review the account master data for the account in question. Ensure that the currency is correctly defined and that it is allowed for the account type.
  Review Company Code Settings: Check the company code settings to ensure that the currency is configured correctly. This includes verifying that the currency is active and allowed for the relevant transactions.
  Adjust Currency Settings: If necessary, adjust the currency settings in the account master data or company code configuration to allow the desired currency.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidelines on currency settings and account configurations.
  Contact SAP Support: If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as FS00 (to display or change account master data) or OBY6 (to configure company code settings) to investigate and resolve the issue.
  Currency Types: Familiarize yourself with the different currency types in SAP, such as local currency, group currency, and transaction currency, to understand how they apply to your accounts.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance on handling currency-related errors.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.