How To Fix FCOM_PLANNING_CORE007 - Currency type &3 is invalid for WBS element &1; enter currency type &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FCOM_PLANNING_CORE - Messages for Package FCOM_PLANNING_CORE

• Message number: 007

• Message text: Currency type &3 is invalid for WBS element &1; enter currency type &4

What causes this issue?

According to the planning profile &V2&, the work breakdown structure
(WBS) element &V1& must have the currency type &V4&. You currently use
the currency type &V3&.
The following currency types are available:
20 (controlling area currency)
10 (object currency)
00 (transaction currency)

System Response

In input-ready queries, you cannot enter data or change data that
contains the invalid currency type. In planning functions, the system
cannot generate data records that contain the invalid currency type.

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.

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 FCOM_PLANNING_CORE007 - Currency type &3 is invalid for WBS element &1; enter currency type &4 ?

  The SAP error message FCOM_PLANNING_CORE007 indicates that there is an issue with the currency type being used for a Work Breakdown Structure (WBS) element in the context of financial planning or budgeting. Here’s a breakdown of the components of the error message and how to address it:
  Cause:
  
  
  Invalid Currency Type: The currency type specified for the WBS element (&1) is not valid. This could be due to:
  
  The currency type not being defined in the system.
  The currency type not being allowed for the specific WBS element.
  A mismatch between the currency type expected by the system and the one provided.
  
  
  
  Configuration Issues: There may be configuration settings in the system that restrict the use of certain currency types for specific WBS elements.
  
  
  Data Entry Error: The user may have mistakenly entered an incorrect currency type when trying to perform a transaction related to the WBS element.
  
  
  Solution:
  
  
  Check Currency Type: Verify the currency type being used for the WBS element. Ensure that it is a valid currency type in the system. You can do this by:
  
  Navigating to the relevant configuration settings in SAP (Transaction code: OX19 for currency types).
  Checking the settings for the specific WBS element to see which currency types are allowed.
  
  
  
  Use Correct Currency Type: If the error message suggests a different currency type (&4), try using that currency type for the transaction. Ensure that you are entering the correct currency type as per the system's requirements.
  
  
  Review WBS Element Configuration: Check the configuration of the WBS element to ensure that it is set up correctly to accept the desired currency type. This can be done through:
  
  Transaction code: CJ20N (Project Builder) to review the WBS element settings.
  Ensuring that the project definition allows for the currency type you are trying to use.
  
  
  
  Consult Documentation: If you are unsure about the currency types and their configurations, refer to the SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  Testing: After making the necessary changes, try to re-enter the transaction to see if the error persists.
  
  
  Related Information:
  
  
  Currency Types in SAP: Currency types in SAP are used to define how monetary values are represented in the system. Common currency types include:
  
  01: Company Code Currency
  10: Group Currency
  20: Hard Currency
  30: Index Currency
  
  
  
  WBS Element: A WBS element is a component of a project that can be used to plan and control project costs. Each WBS element can have its own currency settings.
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes for managing WBS elements and currency types, such as:
  
  CJ01: Create WBS Element
  CJ02: Change WBS Element
  CJ03: Display WBS Element
  
  
  
  By following these steps, you should be able to resolve the error message and proceed with your financial planning activities in SAP.