How To Fix CTE_FIN_POSTING016 - Posting failed. Incorrect decimal places for field &1.

CTE_FIN_POSTING016 - Overview

• Message type: E = Error

• Message class: CTE_FIN_POSTING - ERP - Concur Integration: FIN Postings

• Message number: 016

• Message text: Posting failed. Incorrect decimal places for field &1.

What causes this issue?

The number of decimal places for an amount field that was imported from
the Concur system doesn't match the SAP currency settings.

System Response

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

How to fix this error?

Configure the deviating currency settings to automatically map the
currency formats.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

CTE_FIN_POSTING016 - Details

• The SAP error message CTE_FIN_POSTING016, which states "Posting failed. Incorrect decimal places for field &1," typically occurs during financial postings when the number of decimal places in a field does not match the expected format defined in the system. This can happen in various contexts, such as during the posting of invoices, journal entries, or other financial transactions.
  
  Cause:
  
  Decimal Places Configuration: The field in question may have a defined number of decimal places in the system configuration, and the value being posted does not conform to this requirement.
  Currency Settings: Different currencies can have different decimal place requirements. For example, some currencies may allow two decimal places, while others may allow three or none.
  Data Entry Errors: Manual data entry errors can lead to incorrect formatting of numbers, such as entering too many decimal places.
  Custom Fields: If custom fields are used in the posting process, they may not have the correct decimal place