How To Fix FARR_INB_MAIN066 - Local currency of item &1 differ from 1st local currencyáofácomp. code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_INB_MAIN - Messages for Inbound Processing

• Message number: 066

• Message text: Local currency of item &1 differ from 1st local currencyáofácomp. code &2

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_INB_MAIN066 - Local currency of item &1 differ from 1st local currencyáofácomp. code &2 ?

  The SAP error message FARR_INB_MAIN066 indicates that there is a discrepancy between the local currency of a specific item and the first local currency of the company code in the system. This error typically arises in the context of financial transactions, particularly in Asset Accounting (FI-AA) or when dealing with financial documents that involve multiple currencies.
  Cause:
  
  Currency Mismatch: The item (e.g., an asset or a financial transaction) is recorded in a currency that does not match the first local currency defined for the company code.
  Configuration Issues: The company code may be configured to use a specific local currency, and the item may have been entered or imported with a different currency.
  Data Entry Errors: Manual entry errors or incorrect data imports can lead to this mismatch.
  Currency Conversion Issues: If there are issues with currency conversion rates or settings, this can also lead to discrepancies.
  
  Solution:
  
  
  Check Currency Settings:
  
  Verify the currency settings for the company code in the configuration. Ensure that the first local currency is correctly defined.
  Go to the transaction code OBY6 to check the company code settings.
  
  
  
  Review Item Currency:
  
  Check the currency of the item that is causing the error. You can do this by reviewing the asset master data or the financial document.
  Ensure that the currency of the item matches the first local currency of the company code.
  
  
  
  Adjust the Item:
  
  If the item is incorrectly recorded, you may need to adjust it. This could involve changing the currency or re-entering the transaction in the correct currency.
  Use transaction codes like AS02 (Change Asset) or FB02 (Change Document) to make necessary adjustments.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct currency or how to proceed, consult with your finance or accounting team to ensure compliance with financial reporting standards.
  
  
  
  Check for Customizations:
  
  If your SAP system has customizations or enhancements, check if any of these could be affecting currency handling.
  
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OBY6: Company Code Global Data
  AS02: Change Asset
  FB02: Change Document
  FBL1N: Vendor Line Item Display (to check vendor transactions)
  FBL3N: G/L Account Line Item Display (to check G/L transactions)
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your version of SAP.
  
  
  Documentation: Review SAP documentation on Asset Accounting and currency settings for more detailed guidance.
  
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.