How To Fix BP408 - Transaction currency &1 is not equal to object curr. &2 for the receiver

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 408

• Message text: Transaction currency &1 is not equal to object curr. &2 for the receiver

What causes this issue?

You selected "user-selected currency" as the budgeting currency for the
sender in the budget profile. The receiver has "object currency" as
budgeting currency.
Transaction currency &V1& you selected differs from object currency
&V2& for the receiver.

System Response

You cannot execute the function.

How to fix this error?

Choose &V2& 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 BP408 - Transaction currency &1 is not equal to object curr. &2 for the receiver ?

  The SAP error message BP408 indicates a mismatch between the transaction currency and the object currency in a business process. This error typically arises in scenarios involving financial transactions, such as when processing invoices, payments, or other financial documents.
  Cause:
  The error occurs when the transaction currency (the currency in which the transaction is being recorded) does not match the object currency (the currency associated with the object, such as a vendor, customer, or internal order). This can happen due to several reasons, including:
  
  Currency Configuration: The currency settings for the business partner or the object may not be correctly configured.
  Transaction Entry: The user may have entered a transaction in a currency that is not supported for the specific object.
  Master Data Issues: The master data for the business partner or the object may have inconsistencies in currency settings.
  Currency Conversion: If there are currency conversion settings in place, they may not be applied correctly.
  
  Solution:
  To resolve the BP408 error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Verify the currency settings for the business partner (vendor/customer) in the master data. Ensure that the transaction currency is allowed for that business partner.
  Check the currency settings for the object (e.g., internal order, project) to ensure they are correctly configured.
  
  
  
  Review Transaction Entry:
  
  Ensure that the transaction is being entered in the correct currency. If necessary, change the currency to match the object currency.
  
  
  
  Update Master Data:
  
  If there are discrepancies in the master data, update the relevant records to ensure consistency in currency settings.
  
  
  
  Consult Configuration:
  
  If the issue persists, consult with your SAP configuration team to review the currency configuration settings in the system. They may need to adjust settings related to currency types, exchange rates, or other relevant configurations.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like BP (Business Partner), FB60 (Enter Incoming Invoice), or F-53 (Post Outgoing Payment) to check and modify the relevant data.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  Documentation: Refer to SAP documentation for detailed information on currency settings and business partner configuration.
  
  If the problem continues after following these steps, it may be beneficial to engage with SAP support or your internal SAP team for further assistance.