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

FARR_MSG_CUSTOM516 - Overview

• 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