How To Fix CTE_FIN_POSTING062 - ISO code &1 assigned to various currencies. Select default currency.

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 062

• Message text: ISO code &1 assigned to various currencies. Select default currency.

What causes this issue?

ISO code &v1& assigned to various currencies.

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?

Select one default currency: use transaction <LS>SM30 </>and in the
<LS>Table/View</> field enter V_CURC.
In the <LS>Primary </>column select your preferred currency.

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_POSTING062 - ISO code &1 assigned to various currencies. Select default currency. ?

  The SAP error message CTE_FIN_POSTING062 typically indicates an issue related to currency assignment in financial postings. This error occurs when a transaction involves multiple currencies, and the system requires a default currency to be specified for the posting.
  Cause:
  
  Multiple Currencies: The transaction involves multiple currencies, but the system does not have a default currency assigned for the posting.
  Configuration Issues: The configuration settings in the financial module may not be set up correctly to handle transactions with multiple currencies.
  Missing Default Currency: The user or the system has not specified a default currency for the transaction, leading to ambiguity in how to process the posting.
  
  Solution:
  
  Specify Default Currency: When performing the transaction, ensure that a default currency is specified. This can usually be done in the transaction screen where you enter the amounts.
  Check Configuration: Review the configuration settings in the SAP system to ensure that the currency settings are correctly defined. This includes checking the company code settings and ensuring that the default currency is set up properly.
  Transaction Type: Ensure that the transaction type you are using supports multiple currencies and that the necessary settings are in place.
  User Settings: Check if the user profile has a default currency set. If not, set a default currency in the user profile settings.
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling currency settings in financial postings.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), F-02 (General Posting), or others that may be involved in the posting process.
  Currency Types: Understand the different types of currencies in SAP, such as company code currency, group currency, and transaction currency.
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may resolve the issue.
  User Roles and Authorizations: Ensure that the user has the necessary roles and authorizations to perform transactions involving multiple currencies.
  
  If the issue persists after trying the above solutions, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.