How To Fix BP406 - 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: 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 in the master data for the relevant entities (e.g., business partners, cost centers).
  
  
  
  Adjust Transaction Currency:
  
  If possible, change the transaction currency to match the budgeting currency.
  If the transaction must be in a different currency, ensure that the budgeting settings allow for currency conversion.
  
  
  
  Review Budgeting Configuration:
  
  Go to the budgeting configuration in SAP and ensure that it is set up to handle transactions in multiple currencies if that is required for your business process.
  Check if there are any specific settings that need to be adjusted to allow for transactions in different currencies.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources related to budgeting and currency settings for further guidance on how to resolve this issue.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for assistance, as they may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Transaction Codes: You may want to look into transaction codes related to budgeting and planning, such as BP (Business Partner), CJ20N (Project Builder), or FMBB (Budgeting).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Forums: Consider visiting SAP community forums or user groups where similar issues may have been discussed, and solutions shared.
  
  By following these steps, you should be able to identify the cause of the BP406 error and implement a solution to resolve it.