How To Fix BP405 - Transaction currency &3 is not equal to budgeting currency &4

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 405

• Message text: Transaction currency &3 is not equal to budgeting currency &4

What causes this issue?

In budget profile &V1& for WBS element &V2& you have chosen the
"controlling area currency" as the budgeting currency.
The transaction currency &V3& that you entered differs from the
controlling area currency &V4&.

System Response

The line entered can only be posted in transaction currency &V4&.

How to fix this error?

Enter &V4& as the transaction currency. You can also leave the currency
field empty. The controlling area currency &V4& is then automatically
used as the transaction currency.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BP405 - Transaction currency &3 is not equal to budgeting currency &4 ?

  The SAP error message BP405 indicates a mismatch between the transaction currency and the budgeting currency in a budgeting or planning scenario. This error typically arises when you are trying to post a transaction that involves budgetary control, and the currencies involved do not match as expected.
  Cause:
  
  Currency Mismatch: The transaction you are trying to process is in a different currency than what is defined in the budget. For example, if the transaction is in USD but the budget is set in EUR, this error will occur.
  Configuration Issues: There may be configuration settings in the budgeting or controlling area that do not align with the currencies being used in the transaction.
  Master Data Issues: The master data for the cost center, internal order, or other relevant objects may not have the correct currency settings.
  
  Solution:
  
  Check Transaction Currency: Verify the currency of the transaction you are trying to post. Ensure that it matches the currency defined in the budget.
  Review Budget Settings: Go to the budgeting or planning settings in SAP and check the currency settings. Make sure that the budget is set up in the correct currency that matches the transaction.
  Adjust Master Data: If the master data (like cost centers, internal orders, etc.) is set to a different currency, you may need to update it to ensure consistency.
  Currency Conversion: If necessary, consider using currency conversion to align the transaction currency with the budgeting currency. This may involve adjusting the transaction to reflect the budget currency or vice versa.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific configuration settings related to budgeting and currency handling.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like KP06 (for planning) or S_ALR_87013611 (for budget reports) to review and adjust your budget settings.
  Configuration Path: The configuration for budgeting can typically be found under the following path in the SAP menu: SPRO -> IMG -> Controlling -> Budgeting -> Budgeting Control.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling currency issues in budgeting.
  
  If the issue persists after checking these areas, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP budgeting and controlling.