How To Fix ERW001 - Transaction currency &1 different from currency &2 company code &3

SAP Error Message - Details

• Message type: E = Error

• Message class: ERW - Contract Accounts A/R and A/P: SD -> FI-CA interface

• Message number: 001

• Message text: Transaction currency &1 different from currency &2 company code &3

What causes this issue?

The transaction currency &v1& of the document is different from the
currency &v2& of the company code &v3&.
Since this document is to be billed in <LS>IS-U</>, the transaction
currency must match the currency stored in the <LS>contract account</>.
If no currency is stored in the contract account, then the transaction
currency must match the currency of the <LS>company code</>.
&WARNUNG&
It is essential that you do <LS>not</> change thet currency in the
contract account in order to post the document. This would affect
<ZH>billing in IS-U</>.
&SOLUTION&
You have the following alternatives:
<ZH>Post</> the document <ZH>directly</> in the <ZH>Contract Accounts
Receivable and Payable</> (FI-CA) component.
Create the SD billing document using a billing type for which the
billing category ensures that the billing document is transferred
directly to FI-CA (the billing category must not be U). In FI-CA, the
document can be posted in the currency &V1&. If the error occurred in
the FI/CO interface and an SD billing document already exists, then
this document must be reversed first.
<ZH>Change</> the <ZH>document currency</> in the <ZH>SD order</>.
To change the document currency in the order header, you must reverse
the whole process in SD. If the error occurred in the FI/CO interface
and an SD billing document already exists, then this document must be
reversed. This also applies to any existing delivery.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message ERW001 - Transaction currency &1 different from currency &2 company code &3 ?

  The SAP error message ERW001 indicates that there is a discrepancy between the transaction currency and the company code currency in a financial transaction. This error typically arises when you are trying to post a transaction in a currency that does not match the currency settings of the company code.
  Cause:
  
  Currency Mismatch: The transaction is being processed in a currency that is different from the currency defined for the company code.
  Configuration Issues: The company code may not be set up to handle transactions in the specified currency.
  Incorrect Master Data: The master data for the vendor, customer, or material may have an incorrect currency setting.
  Currency Type: The currency type used in the transaction may not be compatible with the company code's currency settings.
  
  Solution:
  
  
  Check Company Code Currency: Verify the currency settings for the company code in the configuration. You can do this by navigating to:
  
  SPRO ? Financial Accounting ? General Ledger Accounting ? Master Data ? G/L Accounts ? Prepare G/L Account Creation ? Define Chart of Accounts and Company Code.
  Ensure that the company code is set up with the correct currency.
  
  
  
  Review Transaction Currency: Ensure that the transaction you are trying to post is in the correct currency. If you are entering a transaction manually, double-check the currency field.
  
  
  Adjust Master Data: If the error is related to a vendor or customer, check their master data to ensure that the currency is correctly defined. You can do this by:
  
  For Vendors: Transaction code XK03 (Display Vendor)
  For Customers: Transaction code FD03 (Display Customer)
  
  
  
  Use Currency Conversion: If you need to post in a different currency, consider using currency conversion features in SAP, if applicable.
  
  
  Consult with Finance Team: If you are unsure about the correct currency to use, consult with your finance or accounting team to ensure compliance with company policies.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), FB50 (G/L Account Document), and F-02 (General Posting) to understand where the error occurs.
  Currency Types: Understand the different currency types in SAP (e.g., document currency, local currency, and group currency) and how they interact.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your version of SAP.
  
  By following these steps, you should be able to resolve the ERW001 error and ensure that your transactions are processed correctly.