How To Fix 1FA031 - Balance currency &1 does not match account currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: 1FA - Betragskündigungen und Freibeträge

• Message number: 031

• Message text: Balance currency &1 does not match account currency &2

What causes this issue?

The balance currency &V1& for account &V3&, bank area &V4& is not the
same as the account currency &V2&.

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

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 1FA031 - Balance currency &1 does not match account currency &2 ?

  The SAP error message 1FA031 indicates that there is a mismatch between the balance currency of a financial document and the account currency. This typically occurs during transactions involving financial postings, where the system expects the currency of the balance to match the currency of the account being used.
  Cause:
  
  Currency Mismatch: The most common cause is that the currency of the balance (e.g., in a financial statement or report) does not match the currency of the account being referenced in the transaction.
  Configuration Issues: There may be configuration issues in the financial settings of the SAP system, such as incorrect settings for currency types or account settings.
  Data Entry Errors: Manual data entry errors can lead to incorrect currency being assigned to accounts or transactions.
  Foreign Currency Transactions: If you are dealing with foreign currency transactions, the conversion rates or settings may not be correctly configured.
  
  Solution:
  
  Check Account Settings: Verify the currency settings for the account in question. Ensure that the account is set up to accept the currency being used in the transaction.
  Review Transaction Data: Look at the transaction data to ensure that the correct currency is being used. If there is a mismatch, correct the currency in the transaction.
  Adjust Configuration: If the issue is due to configuration, you may need to adjust the settings in the SAP system. This could involve checking the configuration for currency types, account groups, or other related settings.
  Use Correct Currency: When entering transactions, ensure that you are using the correct currency that matches the account currency.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling currency-related issues.
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like FS00 (to check account settings) or FB03 (to view document details) to investigate further.
  Currency Types: Familiarize yourself with the different currency types in SAP (e.g., document currency, local currency, and group currency) to understand how they interact.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide patches related to currency handling.
  User Roles: Ensure that you have the appropriate permissions to make changes to account settings or transaction entries.
  
  If the problem persists after checking these areas, it may be beneficial to consult with your SAP support team or a financial consultant familiar with SAP configurations.