How To Fix FAP_PP022 - Currency &1 already expired on the issue date &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FAP_PP - Messages for payment proposal

• Message number: 022

• Message text: Currency &1 already expired on the issue date &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAP_PP022 - Currency &1 already expired on the issue date &2 ?

  The SAP error message FAP_PP022 indicates that a currency has expired on a specific date, which is causing issues with processing transactions or postings that involve that currency. This error typically arises in the context of financial accounting or controlling modules where currency validity is crucial for accurate financial reporting and transactions.
  Cause:
  
  Expired Currency: The currency in question has a validity period that has ended. This can happen if the currency was set up with a specific start and end date, and the current date falls outside of this range.
  Incorrect Date Settings: The issue date for the transaction may be set to a date that is outside the valid range for the currency.
  Configuration Issues: There may be configuration settings in the system that define the validity of currencies, which could be incorrectly set.
  
  Solution:
  
  
  Check Currency Validity:
  
  Go to the transaction code OB08 (or the relevant transaction for maintaining exchange rates) and check the validity dates for the currency in question.
  Ensure that the currency is valid for the date of the transaction.
  
  
  
  Update Currency Settings:
  
  If the currency is indeed expired, you may need to update the currency settings to extend its validity or add a new entry for the currency with the correct dates.
  If the currency is no longer needed, consider removing it from the system if it is not in use.
  
  
  
  Adjust Transaction Date:
  
  If possible, adjust the issue date of the transaction to a date that falls within the valid range of the currency.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the implications of changing currency settings or transaction dates, consult with your finance or accounting team to ensure compliance with financial regulations and reporting standards.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 for maintaining exchange rates, OBD2 for currency settings, and FB50 for posting documents.
  Documentation: Review SAP documentation or help files related to currency management and validity settings for more detailed guidance.
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may address the issue.
  
  By following these steps, you should be able to resolve the FAP_PP022 error and ensure that your transactions can be processed correctly.