How To Fix FDC_POSTING_001162 - 'Using freely-defined currencies' does not allow cross-company postings

FDC_POSTING_001162 - Overview

• Message type: E = Error

• Message class: FDC_POSTING_001 - FI Postings

• Message number: 162

• Message text: 'Using freely-defined currencies' does not allow cross-company postings

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FDC_POSTING_001162 - 'Using freely-defined currencies' does not allow cross-company postings ?

  The SAP error message FDC_POSTING_001162 indicates that there is an issue with cross-company postings when using freely-defined currencies. This error typically arises in the context of financial accounting when you attempt to post transactions that involve multiple company codes, and at least one of those company codes is set up to use freely-defined currencies.
  
  Cause:
  
  
  Freely-Defined Currencies: The company code involved in the transaction is configured to use freely-defined currencies, which means it can use currencies that are not strictly defined by the system. This flexibility can lead to complications when trying to post transactions across different company codes.
  
  
  Cross-Company Code Transactions: When you attempt to post a transaction that involves multiple company codes, SAP requires that all company codes involved in the transaction use the same currency settings. If one company code uses freely-defined currencies and another does not, the system will not allow the posting.
  
  
  
  Solution:
  
  
  Check Company Code Settings: Review the currency