How To Fix 1Q406 - Clearing accounts in bank area &3 have different account currencies

SAP Error Message - Details

• Message type: E = Error

• Message class: 1Q - Messages In-House Banking

• Message number: 406

• Message text: Clearing accounts in bank area &3 have different account currencies

What causes this issue?

While posting a payment order or payment request, route &V4& for
cross-bank area posting was determined in bank area &V3&. The two
clearing accounts &V1& and &V2& have different account currencies.

System Response

Posting is terminated.

How to fix this error?

In Customizing for the FSCM-IH component, correct the definition of
route &V4& in bank area &V3&. Both of the clearing accounts must have
the same account currency. If necessary, contact the next executing
In-House Cash Center according to the route definition in order to find
a suitable clearing account &V2& in the next In-House Cash Center for
clearing account &V1& in your bank area &V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 1Q406 - Clearing accounts in bank area &3 have different account currencies ?

  The SAP error message 1Q406 indicates that there is a mismatch in the account currencies for clearing accounts in the specified bank area. This typically occurs when you attempt to clear transactions that involve accounts with different currencies, which is not allowed in SAP.
  Cause:
  The error arises due to the following reasons:
  
  Currency Mismatch: The clearing accounts involved in the transaction have different currencies. For example, one account may be in USD while another is in EUR.
  Configuration Issues: The bank area may not be properly configured to handle multiple currencies, or the clearing accounts may not be set up correctly in the system.
  Transaction Data: The transactions being cleared may have been entered with different currencies, leading to the mismatch.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Currencies:
  
  Verify the currencies of the accounts involved in the clearing process. Ensure that they are the same.
  You can do this by navigating to the account master data in SAP and checking the currency settings.
  
  
  
  Adjust Transaction Data:
  
  If the transactions have been entered with different currencies, you may need to adjust them to ensure they match the currency of the clearing account.
  This may involve re-entering transactions or converting currencies as necessary.
  
  
  
  Review Bank Area Configuration:
  
  Check the configuration of the bank area in SAP. Ensure that it is set up to handle the currencies you are working with.
  You can do this by going to the configuration settings in the SAP system (Transaction code: SPRO) and reviewing the settings for the bank area.
  
  
  
  Use Currency Conversion:
  
  If you need to clear transactions with different currencies, consider using currency conversion to standardize the currencies before clearing.
  Ensure that the exchange rates are correctly maintained in the system.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for additional guidance on handling currency issues in clearing accounts.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may find it useful to use transaction codes such as FS00 (to view account master data) and FB03 (to view document details) to investigate the accounts and transactions involved.
  Currency Settings: Ensure that the currency settings in your company code and controlling area are consistent and correctly configured.
  Exchange Rate Maintenance: Regularly maintain and update exchange rates in the system to avoid discrepancies in currency conversions.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.