How To Fix FAGL_LEDGER_CUST188 - Currency type &2 cannot be used by company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FAGL_LEDGER_CUST - New General Ledger: Customizing

• Message number: 188

• Message text: Currency type &2 cannot be used by company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAGL_LEDGER_CUST188 - Currency type &2 cannot be used by company code &1 ?

  The SAP error message FAGL_LEDGER_CUST188 indicates that there is an issue with the currency type being used in a specific company code. This error typically arises in the context of financial accounting, particularly when dealing with ledgers and currency settings.
  Cause:
  The error message "Currency type &2 cannot be used by company code &1" suggests that the currency type specified (represented by &2) is not configured or allowed for the company code (represented by &1) in the system. This can happen due to several reasons:
  
  Currency Type Configuration: The currency type may not be defined for the company code in the configuration settings.
  Company Code Settings: The company code may not be set up to use the specified currency type.
  Master Data Issues: There may be inconsistencies in the master data related to currency settings for the company code.
  Transaction Type: The transaction being processed may not support the specified currency type.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Currency Type Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Currency Types.
  Ensure that the currency type in question is defined and allowed for the specific company code.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the company code (Transaction Code: OX02).
  Ensure that the currency type is included in the company code settings.
  
  
  
  Verify Master Data:
  
  Review the master data for the relevant G/L accounts and ensure that the currency type is correctly assigned.
  Check if there are any inconsistencies in the data that might be causing the issue.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency types and company code settings for any additional insights.
  
  
  
  Test Transactions:
  
  After making the necessary adjustments, test the transaction again to see if the error persists.
  
  
  
  Contact SAP Support:
  
  If the issue continues after checking the above settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  
  Currency Types: In SAP, currency types are used to define how currencies are handled in financial transactions. Common currency types include:
  
  10: Company Code Currency
  20: Group Currency
  30: Hard Currency
  40: Index Currency
  
  
  
  Company Code: A company code is the smallest organizational unit in SAP for which a complete self-contained set of accounts can be drawn up. Each company code can have its own currency settings.
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  SPRO (Customizing)
  OX02 (Company Code Configuration)
  OB22 (Define Currency Types)
  
  
  
  By following these steps and understanding the underlying concepts, you should be able to resolve the FAGL_LEDGER_CUST188 error effectively.