How To Fix CTE_FND_POSTING062 - ISO code &1 assigned to various currencies. Select default currency.

SAP Error Message - Details

• Message type: E = Error

• Message class: CTE_FND_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_FND_POSTING062 - ISO code &1 assigned to various currencies. Select default currency. ?

  The SAP error message CTE_FND_POSTING062 typically indicates an issue related to currency assignment in a financial transaction. The message suggests that there is a problem with the currency settings for the transaction, particularly when multiple currencies are involved.
  Cause:
  
  Currency Assignment: The error occurs when a transaction is trying to use a currency that is not properly assigned or configured in the system. This can happen if the transaction is set to use a currency that is not the default currency for the company code or the relevant financial document.
  Multiple Currencies: If the transaction involves multiple currencies (e.g., local currency, document currency, and group currency), and the system cannot determine which currency to use, this error may arise.
  Configuration Issues: There may be configuration issues in the currency settings for the company code or the relevant financial document types.
  
  Solution:
  
  Check Currency Settings: Verify the currency settings for the company code and ensure that the default currency is correctly assigned. You can do this by navigating to the company code settings in the SAP configuration.
  Select Default Currency: If the transaction allows, explicitly select the default currency for the transaction. This can often be done in the transaction screen where you enter the financial data.
  Review Transaction Data: Ensure that all relevant data for the transaction is correctly entered, including amounts and currencies. Check if the currency codes are valid and correctly formatted.
  Consult with SAP Support: If the issue persists, it may be necessary to consult with SAP support or your internal SAP team to investigate further. They can help identify any underlying configuration issues or bugs in the system.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for currency settings) or OBY6 (for company code settings) to check and modify currency configurations.
  Documentation: Refer to SAP documentation or help files for detailed information on currency settings and financial transactions.
  User Roles: Ensure that the user has the necessary permissions to perform transactions involving multiple currencies.
  
  By following these steps, you should be able to resolve the CTE_FND_POSTING062 error and ensure that your transactions are processed correctly with the appropriate currency settings.