How To Fix /ACCGO/CAK_FBO003 - Currency &1 is not valid for this scenario

SAP Error Message - Details

• Message type: E = Error

• Message class: /ACCGO/CAK_FBO -

• Message number: 003

• Message text: Currency &1 is not valid for this scenario

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message /ACCGO/CAK_FBO003 - Currency &1 is not valid for this scenario ?

  The SAP error message /ACCGO/CAK_FBO003 Currency &1 is not valid for this scenario typically occurs in the context of financial transactions or postings where a specific currency is not recognized or allowed for the operation being performed. This can happen in various scenarios, such as during the creation of financial documents, postings, or when dealing with foreign currency transactions.
  Cause:
  
  Invalid Currency Configuration: The currency specified in the transaction may not be configured correctly in the system. This could be due to missing settings in the currency configuration tables.
  Currency Not Allowed for Transaction Type: The currency may not be valid for the specific type of transaction you are trying to execute. For example, certain currencies may be restricted for specific types of postings or accounts.
  Master Data Issues: The master data for the relevant accounts or entities may not support the currency being used.
  Exchange Rate Issues: If the currency is valid but there are no exchange rates maintained for it, this could also lead to the error.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 to check if the currency is maintained in the exchange rate table.
  Ensure that the currency is active and has valid exchange rates for the relevant date.
  
  
  
  Review Transaction Type:
  
  Verify that the currency is allowed for the specific transaction type you are trying to execute. This may involve checking the configuration settings in the relevant modules (e.g., FI, CO).
  
  
  
  Master Data Review:
  
  Check the master data for the relevant accounts or entities to ensure that they are set up to accept the currency in question. This includes checking vendor, customer, and GL account settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes related to the error message. There may be additional context or configuration steps required.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide insights based on the specific configuration of your system.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), FS00 (G/L Account Master Data), and BP (Business Partner) for checking configurations.
  SAP Notes: Search for SAP Notes related to the error message for any known issues or patches that may address the problem.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed, providing insights or solutions from other users' experiences.
  
  By following these steps, you should be able to identify the root cause of the error and implement a solution to resolve it.