How To Fix BP404 - Currency settings in budget profile &1 are incorrect

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 404

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

What causes this issue?

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

System Response

The function cannot be executed.

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 BP404 - Currency settings in budget profile &1 are incorrect ?

  The SAP error message BP404 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 settings in the budget profile may not be correctly defined or may not match the currency used in the budget document.
  Missing Currency Assignment: The budget profile may not have a currency assigned to it, or the assigned currency may not be valid.
  Inconsistent Currency Settings: There may be inconsistencies between the currency settings in the budget profile and those in the related master data or transaction data.
  Cross-Company Code Issues: If the budget profile is used across different company codes, there may be discrepancies in currency settings between those company codes.
  
  Solution:
  
  
  Check Budget Profile Settings:
  
  Go to the configuration of the budget profile in SAP (transaction code SPRO).
  Navigate to the relevant section for budget profile settings and verify that the currency is correctly defined.
  
  
  
  Verify Currency Assignment:
  
  Ensure that the currency is assigned to the budget profile and that it matches the currency used in the budget documents.
  If necessary, update the budget profile to include the correct currency.
  
  
  
  Consistency Check:
  
  Check for consistency between the budget profile and any related master data (e.g., cost centers, internal orders) to ensure that the currency settings align.
  
  
  
  Cross-Company Code Configuration:
  
  If the budget profile is used across multiple company codes, ensure that each company code has the correct currency settings and that they are consistent with the budget profile.
  
  
  
  Testing:
  
  After making the necessary changes, test the budget profile by creating or modifying a budget document to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as SPRO (for configuration), OBBP (for currency settings), or other relevant transaction codes to access the necessary settings.
  Documentation: Refer to SAP documentation or help files for detailed guidance on configuring budget profiles and currency settings.
  Support: If the issue persists after checking the settings, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to resolve the BP404 error and ensure that the currency settings in your budget profile are correct.