How To Fix FE590 - Currency type & is not managed in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: FE - CO-PA module pool messages

• Message number: 590

• Message text: Currency type & is not managed in company code &

What causes this issue?

The currency type &V1& you selected is not used in company
code &V2&.

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?

Select the currency type and company codes in such a way that all
company codes you select are also managed in the currency type you
select.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FE590 - Currency type & is not managed in company code & ?

  The SAP error message FE590 indicates that a specific currency type is not managed in the specified company code. This error typically arises when there is an attempt to process a transaction involving a currency type that has not been configured or enabled for the company code in question.
  Cause:
  
  Currency Type Not Configured: The currency type you are trying to use (e.g., transaction currency, local currency, etc.) is not set up in the company code settings.
  Incorrect Configuration: The currency type may be configured incorrectly or not assigned to the company code.
  Missing Currency Type in Master Data: The currency type may not be included in the relevant master data (e.g., vendor, customer, or material master).
  Transaction Type Restrictions: Certain transaction types may have restrictions on the currency types that can be used.
  
  Solution:
  
  
  Check Currency Type Configuration:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types).
  Verify that the currency type in question is listed and properly configured for the company code.
  
  
  
  Assign Currency Type to Company Code:
  
  If the currency type is not assigned, you can add it by selecting the company code and assigning the necessary currency types.
  
  
  
  Review Master Data:
  
  Check the relevant master data (e.g., vendor, customer, or material) to ensure that the currency type is included and correctly set up.
  
  
  
  Transaction Type Settings:
  
  If applicable, review the settings for the specific transaction type you are trying to process to ensure that it allows the use of the currency type in question.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on currency management and configuration.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB22: To configure currency types.
  OB08: To define exchange rates.
  OBY6: To check company code settings.
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide updates related to currency management.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to currency settings in the system.
  
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.