How To Fix BP420 - Incorrect currency setting in planning profile &1

SAP Error Message - Details

• Message type: E = Error

• Message class: BP - Budgeting and planning

• Message number: 420

• Message text: Incorrect currency setting in planning profile &1

What causes this issue?

You changed the planning currency from "Company Code Currency" or
"Optional Currency" to "Object Currency" in planning profile &V1&, or
switched planning profiles.
The plan values have been entered in a currency different to the object
currency.

System Response

The function cannot be executed.

How to fix this error?

Set the switch for the planning currency in the planning profile &V1&
to the setting that was used originally.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message BP420 - Incorrect currency setting in planning profile &1 ?

  The SAP error message BP420, which states "Incorrect currency setting in planning profile &1," typically occurs in the context of planning and budgeting processes within SAP, particularly when dealing with business planning and consolidation (BPC) or other planning modules. This error indicates that there is a mismatch or inconsistency in the currency settings defined in the planning profile.
  
  Cause:
  
  Currency Mismatch: The planning profile may be set up with a currency that does not match the currency of the master data or the transaction data being processed.
  
  Configuration Issues: The planning profile may not be correctly configured to handle the currencies involved in the planning process.
  Data Entry Errors: Users may have entered data in an incorrect currency or failed to specify the currency when entering planning data.
  Master Data Issues: The master data (e.g., cost centers, profit centers, etc.) may have incorrect or missing currency settings.
  
  
  Solution:
  
  
  Check Planning Profile Configuration:
  
  Go to the configuration settings for