How To Fix BP403 - Currency settings in budget profile &1 are incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 403

• Message text: Currency settings in budget profile &1 are incorrect

What causes this issue?

You have changed the budgeting currency from the "object currency" or
"user-selected currency" to "CO area currency" or the budget profile in
budget profile &V1&.
Earlier plan/budget values were already entered in a transaction
currency differing from the CO area currency.

System Response

You cannot execute the function.

How to fix this error?

Set the budgeting currency in budget profile &V1& to the setting used
originally.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BP403 - Currency settings in budget profile &1 are incorrect ?

  The SAP error message BP403 indicates that there is an issue with the currency settings in the budget profile specified in the message. This error typically arises when the currency settings in the budget profile do not match the expected configuration or when there are inconsistencies in the currency settings across different components of the budget profile.
  Cause:
  
  Incorrect Currency Configuration: The currency defined in the budget profile may not be set up correctly or may not match the currency used in the related master data or transaction.
  Missing Currency Settings: The budget profile may not have the necessary currency settings defined, leading to discrepancies.
  Inconsistent Currency Usage: There may be inconsistencies between the currency used in the budget profile and the currency used in the actual budget or planning data.
  Cross-Application Issues: If the budget profile is used across different applications or modules, there may be conflicts in currency settings.
  
  Solution:
  
  
  Check Budget Profile Settings:
  
  Navigate to the budget profile configuration in SAP (transaction code: OBBP or similar).
  Verify that the currency settings are correctly defined and match the expected values.
  
  
  
  Review Master Data:
  
  Ensure that the master data (e.g., cost centers, internal orders) associated with the budget profile has the correct currency settings.
  Check if the currency in the master data aligns with the currency defined in the budget profile.
  
  
  
  Adjust Currency Settings:
  
  If necessary, adjust the currency settings in the budget profile to ensure they are consistent with the related data.
  Make sure that the currency is correctly defined in all relevant areas, including planning, actuals, and reporting.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring budget profiles and currency settings.
  
  
  
  Testing:
  
  After making changes, test the budget profile to ensure that the error no longer occurs and that the budget can be processed correctly.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBBP (for budget profile configuration) and others related to budget management.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may resolve the issue.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to budget profiles and related settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in budget management within SAP.