How To Fix FAGL_LEDGER_CUST064 - Ledger &1 does not have currency type &3 in company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_LEDGER_CUST - New General Ledger: Customizing

• Message number: 064

• Message text: Ledger &1 does not have currency type &3 in company code &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_LEDGER_CUST064 - Ledger &1 does not have currency type &3 in company code &2 ?

  The SAP error message FAGL_LEDGER_CUST064 indicates that a specific ledger does not have the required currency type defined for a particular company code. This error typically arises when you are trying to perform a transaction that requires a specific currency type, but the configuration for that ledger does not include it.
  Cause:
  
  Missing Currency Type: The ledger specified in the error message does not have the required currency type configured for the specified company code.
  Incorrect Configuration: The currency types may not have been set up correctly in the ledger configuration.
  Transaction Requirements: The transaction you are trying to execute may require a specific currency type that is not available in the ledger.
  
  Solution:
  To resolve this error, you need to ensure that the required currency type is configured for the specified ledger and company code. Here are the steps to do this:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Account > Prepare G/L Account Creation > Define Currency Types).
  Check the configuration for the ledger in question and ensure that the required currency type is included.
  
  
  
  Add Missing Currency Type:
  
  If the required currency type is missing, you can add it by selecting the appropriate ledger and company code, and then including the necessary currency type.
  
  
  
  Verify Company Code Settings:
  
  Ensure that the company code settings are correctly configured to use the required currency types. You can check this in transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Account > Prepare G/L Account Creation > Define Company Code).
  
  
  
  Consult Documentation:
  
  If you are unsure about which currency types are required for your transactions, consult the SAP documentation or your organization's financial policies.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to define how currencies are managed in financial transactions. Common currency types include:
  
  00: Document currency
  10: Local currency
  30: Group currency
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB22: Define currency types for ledgers
  OBY6: Company code settings
  FBL1N: Vendor line items
  FBL3N: G/L account line items
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches.
  
  By following these steps, you should be able to resolve the FAGL_LEDGER_CUST064 error and ensure that your ledger is properly configured for the required currency types.