How To Fix FB_ICRC160 - Company &1/&2: Company code &3: Currency type &4 not assigned

SAP Error Message - Details

• Message type: E = Error

• Message class: FB_ICRC - Messages for package FB_ICRC

• Message number: 160

• Message text: Company &1/&2: Company code &3: Currency type &4 not assigned

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

Object explained sufficiently by short text.

Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message FB_ICRC160 - Company &1/&2: Company code &3: Currency type &4 not assigned ?

  The SAP error message FB_ICRC160 indicates that there is an issue with the currency type assignment for a specific company code in the system. This error typically arises when a currency type is not properly assigned to a company code in the configuration settings.
  Cause:
  The error message can occur due to the following reasons:
  
  Missing Currency Type Assignment: The specified currency type (e.g., transaction currency, local currency, etc.) is not assigned to the company code in the system.
  Incorrect Configuration: The configuration settings for the company code may not have been set up correctly, leading to the absence of the required currency type.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies in the currency type assignments.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Currency Type Assignment:
  
  Go to the SAP transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types).
  Verify that the currency type in question is assigned to the relevant company code.
  
  
  
  Assign Currency Type:
  
  If the currency type is not assigned, you can add it by selecting the appropriate company code and assigning the required currency type.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is correctly configured with all necessary currency types. This includes checking local currency, transaction currency, and any other relevant currency types.
  
  
  
  Check for Data Migration Issues:
  
  If the error occurred after a data migration, review the migration process to ensure that all currency types were correctly assigned during the migration.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency type assignments and configurations.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB22: To define currency types.
  OBY6: To check company code settings.
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency type assignments.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings and currency type assignments.
  
  By following these steps, you should be able to resolve the FB_ICRC160 error and ensure that the currency types are correctly assigned to the relevant company codes in your SAP system.