How To Fix FE591 - Currency type & is not managed in company & / company code &

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 591

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

What causes this issue?

The global company (&V2&) you selected contains company code &V3&,
which does not use the currency type (&V1&) you selected.

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 a combination of company and currency type so that all company
codes in the selected global company are managed in the currency type
you selected.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FE591 - Currency type & is not managed in company & / company code & ?

  The SAP error message FE591 indicates that a specific currency type is not managed in the specified company or company code. This error typically arises in the context of financial transactions, such as when trying to post a document or perform a transaction that involves currency conversion or currency management.
  Cause:
  
  Currency Type Not Defined: The currency type you are trying to use is not defined or activated for the specified company code.
  Configuration Issues: There may be configuration issues in the financial settings of the company code, particularly in the area of currency management.
  Incorrect Transaction: The transaction you are trying to perform may not support the currency type you are using.
  Missing Currency Type in Master Data: The currency type may not be included in the master data for the relevant financial documents or accounts.
  
  Solution:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Currencies > Define Currency Types.
  Ensure that the currency type in question is defined and activated for the relevant company code.
  
  
  
  Assign Currency Type to Company Code:
  
  In the same configuration area, check if the currency type is assigned to the company code.
  If it is not assigned, you will need to add it.
  
  
  
  Review Transaction Settings:
  
  Ensure that the transaction you are trying to perform supports the currency type you are using.
  Check if there are any specific settings or restrictions related to the currency type in the transaction.
  
  
  
  Check Master Data:
  
  Review the master data for the relevant accounts or documents to ensure that the currency type is included and correctly configured.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for defining currency types) or OBA7 (for managing currency settings) to access the relevant configuration settings.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to this error message.
  User Authorizations: Ensure that you have the necessary authorizations to make changes to the currency settings in the system.
  
  By following these steps, you should be able to resolve the FE591 error and ensure that the currency type is properly managed within your SAP system.