How To Fix FC089 - Specify different currency keys for foreign currency and local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 089

• Message text: Specify different currency keys for foreign currency and local currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FC089 - Specify different currency keys for foreign currency and local currency ?

  The SAP error message FC089, which states "Specify different currency keys for foreign currency and local currency," typically occurs in the context of financial transactions where there is a mismatch or incorrect configuration of currency settings in the system. This error is often encountered when dealing with foreign currency transactions in SAP.
  Cause:
  The error arises when the system detects that the currency keys for local currency and foreign currency are the same. In SAP, each company code is assigned a local currency, and when dealing with foreign currency transactions, the foreign currency must be different from the local currency. If both currencies are set to the same key, the system cannot process the transaction correctly, leading to this error.
  Solution:
  To resolve the FC089 error, you can follow these steps:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types).
  Verify the currency settings for the relevant company code. Ensure that the local currency and foreign currency are set to different currency keys.
  
  
  
  Adjust Document Settings:
  
  If you are entering a document (e.g., invoice, payment), ensure that the currency fields are correctly filled. The local currency should match the company code's local currency, while the foreign currency should be a different currency key.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant vendor or customer. Ensure that the currency settings in the vendor/customer master data are correctly configured to reflect the appropriate local and foreign currencies.
  
  
  
  Transaction Type Settings:
  
  If applicable, review the transaction type settings in the configuration to ensure that they allow for the correct handling of foreign currency transactions.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency settings or how to change them, refer to SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB22: Define Currency Types
  OBY6: Define Company Code Global Parameters
  FS00: G/L Account Master Data
  
  
  
  Currency Types:
  
  Local Currency (LC): The currency in which the company code operates.
  Foreign Currency (FC): Any currency other than the local currency used in transactions.
  
  
  
  SAP Notes:
  
  Check SAP Notes for any specific patches or updates related to currency handling that may address known issues.
  
  
  
  By ensuring that the local and foreign currency keys are distinct and correctly configured, you should be able to resolve the FC089 error and proceed with your financial transactions in SAP.