How To Fix FARR_INB_MAIN031 - Cost item &1: Transaction and first local currencies must be the same

FARR_INB_MAIN031 - Overview

• Message type: E = Error

• Message class: FARR_INB_MAIN - Messages for Inbound Processing

• Message number: 031

• Message text: Cost item &1: Transaction and first local currencies must be the same

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_INB_MAIN031 - Cost item &1: Transaction and first local currencies must be the same ?

  The SAP error message FARR_INB_MAIN031 indicates that there is a mismatch between the transaction currency and the first local currency for a cost item in the Asset Accounting module. This error typically arises during the processing of asset transactions, such as acquisitions, transfers, or retirements, where the system expects the transaction currency to match the first local currency defined for the asset.
  
  Cause:
  
  Currency Mismatch: The transaction is being processed in a currency that does not match the first local currency defined for the asset.
  
  Configuration Issues: The asset master data may have been set up incorrectly, leading to inconsistencies in currency settings.
  Data Entry Errors: Manual entry of transaction data may have led to the use of an incorrect currency.
  
  
  Solution:
  
  
  Check Asset Master Data:
  
  Go to the asset master record (transaction code AS03) and verify the currency settings.
  Ensure that the first local currency is correctly defined and matches the currency used in the transaction.
  
  
  
  Review Transaction