How To Fix BP414 - No update in foreign currency planned for controlling area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 414

• Message text: No update in foreign currency planned for controlling area &1

What causes this issue?

In budget profile &V2& assigned to the object to be processed,
"user-selected currency" or "object currency" was chosen as budgeting
currency.
This means that budget values can be entered in currencies deviating
from the controlling area currency.
In controlling area &V1&, however, you have not set the control
indicator "All currencies" for all fiscal years that can be budgeted
due to the budget profile settings.
In the case of budgeting of overall values, the indicator must be set
for the year of the value date maintained in the budget profile.

System Response

No budget values can be entered.

How to fix this error?

Set the control indicator "All currencies" in controlling area &V1& for
all fiscal years.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BP414 - No update in foreign currency planned for controlling area &1 ?

  The SAP error message BP414 ("No update in foreign currency planned for controlling area &1") typically occurs in the context of planning and budgeting in SAP, particularly when dealing with controlling (CO) and financial (FI) modules. This error indicates that there is an issue with the foreign currency planning for a specific controlling area.
  Cause:
  
  Currency Settings: The controlling area may not be set up to allow for foreign currency planning. This can happen if the controlling area is configured to only use local currency.
  Planning Version: The planning version being used may not support foreign currency planning.
  Master Data Issues: There may be issues with the master data, such as the currency settings for cost centers, internal orders, or other objects.
  Data Entry: The user may have entered data in a foreign currency without the necessary configuration to support it.
  
  Solution:
  
  
  Check Controlling Area Settings:
  
  Go to the configuration settings for the controlling area in transaction code OKKP.
  Ensure that the controlling area is set up to allow for foreign currency planning. Check the currency settings and ensure that the foreign currency is enabled.
  
  
  
  Review Planning Version:
  
  Check the planning version settings in transaction code OKP1 or OKP2.
  Ensure that the planning version you are using allows for foreign currency entries.
  
  
  
  Verify Master Data:
  
  Check the master data for cost centers, internal orders, or any other relevant objects to ensure that they are set up correctly with the appropriate currency settings.
  Ensure that the currency type is correctly defined for the relevant objects.
  
  
  
  Data Entry Validation:
  
  Review the data entry process to ensure that users are entering data in the correct currency and that the system is configured to handle it.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on configuring foreign currency planning.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OKKP: Controlling Area Configuration
  OKP1: Planning Version Configuration
  OKP2: Planning Version Overview
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles and Authorizations: Ensure that users have the necessary roles and authorizations to perform planning activities in foreign currencies.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in SAP Controlling (CO) and Financials (FI) for further assistance.