How To Fix F5353 - Postings to account & (company code &) are only possible in currency &

SAP Error Message - Details

• Message type: E = Error

• Message class: F5 - Document Editing

• Message number: 353

• Message text: Postings to account & (company code &) are only possible in currency &

What causes this issue?

G/L account "&v1&" is managed in "&v3&". For this reason, it is not
possible to post amounts in "&v4&".

System Response

The data canot be updated.

How to fix this error?

If you want to post a gain or loss from exchange rate fluctuation to a
foreign exchange account, you must use the <LS>Foreign currency
valuation</> function.
<DS:TRAN.F-05>Proceed</>
If you do not want to do this, correct currency key "&v3&" in the
master record of G/L account "&v1&" in company code "&v2&".
<DS:TRAN.FS02>Proceed</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F5353 - Postings to account & (company code &) are only possible in currency & ?

  The SAP error message F5353 indicates that there is an issue with posting to a specific account in a particular company code due to currency restrictions. This error typically arises when the currency of the transaction does not match the currency settings of the account or company code.
  Cause:
  
  Currency Mismatch: The account you are trying to post to is set up to accept only certain currencies, and the transaction currency does not match.
  Account Settings: The account may be configured to allow postings only in a specific currency (e.g., local currency) or may not allow postings in the currency of the transaction.
  Company Code Configuration: The company code may have specific currency settings that restrict postings in certain currencies.
  
  Solution:
  
  
  Check Account Currency Settings:
  
  Go to the account master data (transaction code FS00) and check the currency settings for the account in question. Ensure that the account is set up to allow postings in the currency you are trying to use.
  
  
  
  Verify Company Code Currency:
  
  Check the company code settings (transaction code OX02) to see what currencies are allowed for postings. Ensure that the currency of the transaction is supported by the company code.
  
  
  
  Adjust Transaction Currency:
  
  If possible, change the currency of the transaction to match the allowed currency for the account and company code.
  
  
  
  Use a Different Account:
  
  If the account is not meant to accept postings in the desired currency, consider using a different account that allows postings in that currency.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the currency settings or need to make changes, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Display/Change G/L Account Master Data
  OX02: Company Code Global Data
  
  
  Currency Types: Understand the different currency types in SAP, such as local currency, document currency, and group currency.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions for this error message.
  
  By following these steps, you should be able to resolve the F5353 error and successfully post your transaction.