How To Fix FC289 - Index-based curr.is used as additional local curr.; it cannot be changed

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 289

• Message text: Index-based curr.is used as additional local curr.; it cannot be changed

What causes this issue?

Index-based currency &V1& from country &V2& is used by company code
&V3& as an additional local currency. As this company code is
productive and there are documents in it, the index-based currency can
no longer be changed.

System Response

Information message that your change has been cancelled.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC289 - Index-based curr.is used as additional local curr.; it cannot be changed ?

  The SAP error message FC289 indicates that there is an issue with the configuration of the local currency settings in the system. Specifically, it suggests that an index-based currency is being used as an additional local currency, which is not allowed to be changed.
  Cause:
  
  Index-Based Currency: The error arises when the system is configured to use an index-based currency for additional local currency settings. Index-based currencies are typically used for specific financial reporting purposes and cannot be modified once set.
  Configuration Settings: The configuration settings in the Financial Accounting (FI) module may have been incorrectly set, leading to this error when trying to change the currency settings.
  
  Solution:
  
  
  Review Configuration: Check the configuration settings for currencies in the SAP system. This can be done in the following path:
  
  SPRO ? Financial Accounting ? Financial Accounting Global Settings ? Currencies ? Define Additional Local Currencies.
  Ensure that the additional local currency is not set to an index-based currency if you intend to change it.
  
  
  
  Consult Documentation: Refer to SAP documentation or help notes related to currency settings to understand the implications of using index-based currencies and the restrictions that apply.
  
  
  Change Currency Settings: If you need to change the additional local currency, you may need to:
  
  Remove the index-based currency setting if it is not required.
  Set a different currency that is not index-based as the additional local currency.
  
  
  
  Contact SAP Support: If you are unable to resolve the issue through configuration changes, consider reaching out to SAP support for assistance. They can provide guidance based on your specific system setup and requirements.
  
  
  Related Information:
  
  Index-Based Currency: This is a type of currency that is adjusted based on an index, often used for inflation adjustments in financial reporting.
  Local Currency: In SAP, local currency refers to the currency in which a company’s financial statements are prepared. It is essential for accurate financial reporting and compliance.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on currency configuration.
  
  By following these steps, you should be able to address the FC289 error and ensure that your currency settings are correctly configured in SAP.