How To Fix BP406 - Transaction currency &3 is not equal to budgeting currency &4

BP406 - Overview

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 406

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

What causes this issue?

You have selected "object currency" as the budgeting currency in budget
profile &V1& for WBS element &V2& .
The transaction currency &V3& you entered differs from the object
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 blank. Object 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 BP406 - Transaction currency &3 is not equal to budgeting currency &4 ?

  The SAP error message BP406 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 budgeting, 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 budgeting settings.
  
  Configuration Issues: The budgeting configuration may not be set up correctly to handle multiple currencies.
  Master Data Issues: The master data for the business partner, cost center, or other relevant entities may have incorrect currency settings.
  Transaction Settings: The transaction itself may not be configured to allow for currency conversion or may be set to a specific currency that does not match the budget.
  
  
  Solution:
  
  
  Check Currency Settings:
  
  Verify the currency settings in the budgeting configuration. Ensure that the transaction currency and budgeting currency are aligned.
  Check the currency settings