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

AC560 - Overview

• 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)