How To Fix BP412 - Receiver for budgeting currency inconsistent with transaction currency

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 412

• Message text: Receiver for budgeting currency inconsistent with transaction currency

What causes this issue?

"Object currency" was selected as the budgeting currency for the sender
in the budget profile and "CO area currency" was selected as budgeting
currency for the receiver.
The transaction currency and object currency for sender &V1 do not
match CO area currency &V2& for the receiver.

System Response

You cannot execute the function.

How to fix this error?

Choose a valid receiver in which budgeting in &V1& is allowed.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BP412 - Receiver for budgeting currency inconsistent with transaction currency ?

  The SAP error message BP412, which states "Receiver for budgeting currency inconsistent with transaction currency," typically occurs in the context of budget management and financial transactions within SAP. This error indicates that there is a mismatch between the currency used for budgeting and the currency used in the transaction.
  Cause:
  
  Currency Mismatch: The budgeting currency (the currency in which the budget is defined) does not match the transaction currency (the currency in which the transaction is being processed).
  Configuration Issues: There may be configuration settings in the system that do not align the budgeting and transaction currencies properly.
  Master Data Issues: The master data for the cost center, internal order, or other relevant objects may not be set up correctly, leading to inconsistencies in currency settings.
  Document Type Settings: The document type used for the transaction may not be configured to allow the combination of the specified currencies.
  
  Solution:
  
  Check Currency Settings: Verify the currency settings in the budgeting and transaction documents. Ensure that the currencies are consistent.
  Review Master Data: Check the master data for the relevant cost centers, internal orders, or projects to ensure that the currency settings are correct and consistent.
  Adjust Configuration: If necessary, adjust the configuration settings in the SAP system to ensure that the budgeting and transaction currencies are aligned.
  Use Correct Document Type: Ensure that the correct document type is being used for the transaction, and that it supports the currencies involved.
  Consult with Finance Team: If the issue persists, consult with your finance or controlling team to understand the implications of the currency settings and to ensure compliance with financial policies.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or KP06 (for planning) to check and adjust currency settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on handling currency inconsistencies.
  Documentation: Review SAP documentation related to budgeting and currency management for best practices and configuration guidelines.
  
  By following these steps, you should be able to identify the cause of the BP412 error and implement a solution to resolve it.