How To Fix CTE_FIN_POSTING053 - SAP currency &1 amount &2 only supports &3 decimals.

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 053

• Message text: SAP currency &1 amount &2 only supports &3 decimals.

What causes this issue?

The amounts are transferred in a format which SAP doesn't support. One
reason for this might be that the formats in Concur are always based on
the ISO 4217 standard. The SAP system, on the other hand, might be set
up based on best practices.

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

System Response

How to fix this error?

You can change the currency format according to the SAP format on the
<LS>Setting Up the Integration to SAP Concur</> screen by choosing
<PF>Financial Posting</> -> <LS>Deviating Currencies</>.
Alternatively, use the Business Add-In <LS>Adjust Amount Fields
According to Decimal Places of Deviating Currency </>(<AB>
BADI_CTE_FIN_POST_ROUNDING</>).

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CTE_FIN_POSTING053 - SAP currency &1 amount &2 only supports &3 decimals. ?

  The SAP error message CTE_FIN_POSTING053 indicates that there is a currency amount that is not conforming to the decimal places supported by the specified currency. This error typically arises during financial postings or transactions where the amount being processed has more decimal places than the currency allows.
  Cause:
  
  Currency Configuration: Each currency in SAP can be configured to support a specific number of decimal places (e.g., 0, 2, 3, etc.). If you attempt to post an amount with more decimal places than the currency supports, this error will occur.
  Data Entry Error: The amount entered may have been incorrectly formatted or may have been copied from another source that included more decimal places than allowed.
  Currency Conversion: If the amount is the result of a currency conversion, the conversion might have resulted in a value with too many decimal places.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (or similar, depending on your version) to check the decimal places configured for the currency in question.
  Ensure that the amount you are trying to post adheres to the decimal places defined for that currency.
  
  
  
  Adjust the Amount:
  
  If the amount exceeds the allowed decimal places, round it to the appropriate number of decimal places before posting.
  For example, if the currency supports 2 decimal places, ensure that the amount is rounded to two decimal places.
  
  
  
  Review Data Entry:
  
  Double-check the data entry for any mistakes or formatting issues that may have led to the error.
  Ensure that the input method (manual entry, upload, etc.) is correctly formatted.
  
  
  
  Currency Conversion Settings:
  
  If the error arises from a currency conversion, review the conversion rates and ensure that they are set up correctly in the system.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP support team for specific guidance related to your system configuration.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB08: Maintain exchange rates.
  FB50: General Ledger Account Document Entry (where you might encounter this error).
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address this specific error or provide additional context.
  
  
  Testing: After making adjustments, perform a test posting to ensure that the error has been resolved.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.