How To Fix FC291 - Index-based currency used as additional local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 291

• Message text: Index-based currency used as additional local currency

What causes this issue?

Index-based currency &V1& from country &V2& is used in company code
&V3& as an additional local currency. Since documents exist in this
company code, the index-based currency should no longer be changed.

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?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC291 - Index-based currency used as additional local currency ?

  The SAP error message FC291 indicates that there is an issue with the configuration of index-based currencies in the system. This error typically arises when you attempt to use an index-based currency as an additional local currency in a financial transaction or configuration, which is not allowed in SAP.
  Cause:
  The primary cause of this error is that the system is configured to use an index-based currency (such as a currency that is adjusted for inflation) as an additional local currency. In SAP, index-based currencies are treated differently from standard currencies, and they cannot be used in the same way as additional local currencies.
  Solution:
  To resolve the FC291 error, you can take the following steps:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Additional Currencies).
  Verify the configuration of the additional local currencies and ensure that none of them are set as index-based currencies.
  
  
  
  Change Currency Type:
  
  If you need to use a currency that is index-based, consider changing the configuration to use a standard currency instead of an index-based currency for the additional local currency.
  
  
  
  Review Transaction Settings:
  
  Check the specific transaction or document that is causing the error. Ensure that the currency settings in the document are correct and do not reference an index-based currency incorrectly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for more detailed information on currency types and their configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the configuration, consider reaching out to SAP support for further assistance. They may provide insights specific to your system configuration.
  
  
  
  Related Information:
  
  Index-Based Currencies: These are currencies that are adjusted based on an index (like inflation) and are typically used in specific financial contexts.
  Additional Local Currencies: These are currencies that can be used alongside the local currency for reporting and transaction purposes.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 for currency configuration and other related financial settings.
  
  By following these steps, you should be able to resolve the FC291 error and ensure that your currency configurations are set up correctly in SAP.