How To Fix FARR_MSG_CUSTOM516 - Loc.curr. &1 and trans.curr. must have same amount for POB &2(Cond. &3)

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_MSG_CUSTOM - Customizable Messages for Revenue Accounting

• Message number: 516

• Message text: Loc.curr. &1 and trans.curr. must have same amount for POB &2(Cond. &3)

What causes this issue?

Local currency and transaction currency must have the same amount
because they have the same currency key.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_MSG_CUSTOM516 - Loc.curr. &1 and trans.curr. must have same amount for POB &2(Cond. &3) ?

  The SAP error message FARR_MSG_CUSTOM516 indicates a discrepancy between the local currency and transaction currency amounts for a specific Profitability Object (POB) in the context of financial transactions. This error typically arises in the context of Asset Accounting or Financial Accounting when there is an inconsistency in the currency amounts being processed.
  Cause:
  The error occurs when:
  
  The local currency amount and the transaction currency amount for a specific Profitability Object (POB) do not match.
  This can happen due to incorrect data entry, currency conversion issues, or inconsistencies in the configuration of the system.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check the Amounts: Verify the amounts entered for both local currency and transaction currency. Ensure that they are consistent and correctly reflect the intended transaction.
  
  
  Currency Configuration: Review the configuration settings for currencies in your SAP system. Ensure that the local currency and transaction currency settings are correctly defined for the relevant company code and profitability segment.
  
  
  Recalculate Amounts: If the amounts are derived from calculations or conversions, ensure that the calculations are correct. You may need to recalculate the amounts to ensure they align.
  
  
  Review Transaction Data: Check the transaction data associated with the Profitability Object (POB) and the condition mentioned in the error message. Look for any discrepancies or errors in the data entry.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific guidance on handling this error. The documentation may provide additional insights into the configuration and data requirements.
  
  
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance based on your specific system configuration and transaction details.
  
  
  Related Information:
  
  Transaction Codes: You may want to use transaction codes like FBL1N (Vendor Line Item Display) or FBL3N (G/L Account Line Item Display) to review the relevant financial transactions.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide patches or updates that could resolve the issue.
  User Exits and BAdIs: If custom logic is involved in the processing of these transactions, review any user exits or BAdIs that may affect currency handling.
  
  By following these steps, you should be able to identify and resolve the cause of the error message FARR_MSG_CUSTOM516 in your SAP system.