How To Fix FCOM_PLANNING_CORE022 - Invalid currency key; enter company currency &2 instead of &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FCOM_PLANNING_CORE - Messages for Package FCOM_PLANNING_CORE

• Message number: 022

• Message text: Invalid currency key; enter company currency &2 instead of &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FCOM_PLANNING_CORE022 - Invalid currency key; enter company currency &2 instead of &1 ?

  The SAP error message FCOM_PLANNING_CORE022 indicates that there is an issue with the currency key being used in a financial planning or budgeting transaction. Specifically, the error states that the currency key entered is invalid, and it suggests using the company currency instead.
  Cause:
  
  Invalid Currency Key: The currency key entered in the transaction does not match any of the valid currency keys defined in the system.
  Configuration Issues: The currency settings in the company code or controlling area may not be properly configured.
  Data Entry Error: The user may have mistakenly entered the wrong currency code.
  Currency Conversion Issues: If the transaction involves currency conversion, there may be issues with the exchange rates or the currencies being used.
  
  Solution:
  
  Check Currency Key: Verify the currency key you are trying to use. Ensure that it is a valid currency code recognized by the system.
  Use Company Currency: As suggested by the error message, enter the company currency (e.g., &2) instead of the invalid currency (e.g., &1). You can find the company currency in the company code settings.
  Review Configuration: Check the configuration settings for the company code and controlling area to ensure that the currency settings are correct. This can be done in the SAP Customizing Implementation Guide (IMG) under:
  
  Financial Accounting (FI) > General Ledger Accounting (New) > Master Data > G/L Accounts > Prepare G/L Account Creation > Define Account Groups
  
  
  Consult Documentation: If you are unsure about the valid currency keys, consult the SAP documentation or your system administrator for a list of valid currencies.
  Check Exchange Rates: If the transaction involves currency conversion, ensure that the exchange rates are correctly maintained in the system.
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 to maintain exchange rates or OBY6 to check company code settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Authorization: Ensure that you have the necessary authorizations to make changes to currency settings or to perform the transaction in question.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.