How To Fix AC560 - Parallel currencies are not possible (see long text)

SAP Error Message - Details

• Message type: E = Error

• Message class: AC - Error messages from Asset Customizing

• Message number: 560

• Message text: Parallel currencies are not possible (see long text)

What causes this issue?

You want to specify parallel currencies for chart of depreciation &V1&
for its depreciation areas.
However, none of the company codes assigned to the chart of
depreciation currently uses parallel currencies in the general ledger.
Therefore, you cannot use this option in Asset Accounting.

System Response

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AC560 - Parallel currencies are not possible (see long text) ?

  The SAP error message AC560, which states "Parallel currencies are not possible (see long text)," typically occurs in the context of Asset Accounting (FI-AA) when there is an issue with the configuration of parallel currencies for asset transactions. This error indicates that the system is unable to process the transaction due to the way parallel currencies are set up in the asset accounting configuration.
  Cause:
  
  Configuration Issues: The error often arises when the asset is not configured to allow for parallel currencies. This can happen if the asset is set up without the necessary currency settings or if the company code does not support parallel currencies.
  Missing Currency Settings: The asset master record may not have the required currency settings for parallel currencies.
  Transaction Type Restrictions: Certain transaction types may not support parallel currencies, leading to this error when attempting to execute them.
  
  Solution:
  
  
  Check Asset Master Record:
  
  Go to the asset master record (transaction code AS02) and check the currency settings. Ensure that the asset is configured to allow for parallel currencies.
  Verify that the currency types are correctly assigned in the asset master data.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings in the configuration (transaction code OAYZ) to ensure that parallel currencies are enabled for the relevant company code.
  Ensure that the currency types are correctly defined in the company code settings.
  
  
  
  Transaction Type Configuration:
  
  Review the configuration of the transaction types used for asset transactions (transaction code OAOA). Ensure that the transaction types are set up to allow for parallel currencies.
  
  
  
  Consult Long Text:
  
  The error message suggests checking the long text for more details. You can do this by clicking on the message or using the message number in the SAP system to find additional information that may provide specific guidance on the issue.
  
  
  
  SAP Notes and Documentation:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuring parallel currencies in Asset Accounting.
  
  
  
  Related Information:
  
  Parallel Currencies: In SAP, parallel currencies allow organizations to manage multiple currencies for financial reporting and accounting purposes. This is particularly useful for multinational companies that operate in different currency environments.
  Configuration Transactions: Familiarize yourself with the relevant configuration transactions in SAP for Asset Accounting, such as OAYZ (Company Code Settings) and OAOA (Transaction Type Configuration).
  Testing: After making any changes, perform a test transaction to ensure that the error is resolved and that the asset transactions can be processed successfully.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in Asset Accounting for further assistance.