How To Fix FE593 - Currency type & not possible with selected company

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 593

• Message text: Currency type & not possible with selected company

What causes this issue?

The currency type (&V1&) you selected is not compatible
with the company codes in the global company you selected, since
currency type &V1& does not have the same currency key in all company
codes of the selected global company.

System Response

How to fix this error?

Select a combination of currency type and global company so that all
company codes in the selected global company have the same currency key
in the selected currency type.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FE593 - Currency type & not possible with selected company ?

  The SAP error message FE593 typically indicates that there is an issue with the currency type being used in a transaction that is not compatible with the selected company code. This error often arises in financial transactions, such as when posting documents or creating invoices, where the currency type does not match the settings or configurations for the company code in question.
  Cause:
  
  Currency Type Mismatch: The currency type being used (e.g., local currency, group currency, or transaction currency) is not allowed for the selected company code.
  Company Code Configuration: The company code may not be configured to accept the specified currency type.
  Transaction Settings: The transaction being performed may have specific currency requirements that are not met by the current settings.
  Master Data Issues: The master data (e.g., vendor or customer records) may have incorrect currency settings.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the configuration settings for the company code in transaction code OBY6 (or through the SPRO menu).
  Ensure that the currency types are correctly defined and that the company code is set up to accept the currency type you are trying to use.
  
  
  
  Review Transaction Currency:
  
  Verify the currency type being used in the transaction. Ensure that it is compatible with the company code.
  If necessary, change the currency type in the transaction to one that is allowed for the company code.
  
  
  
  Update Master Data:
  
  Check the master data for the relevant vendor or customer to ensure that the currency settings are correct.
  If the master data is incorrect, update it to reflect the correct currency type.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific details on currency types and company code configurations.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types can include local currency (LC), transaction currency (TC), and group currency (GC). Each company code can have different settings for these currency types.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for company code settings, OB08 for defining exchange rates, and FS00 for managing G/L accounts.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your version of SAP.
  
  By following these steps, you should be able to resolve the FE593 error and ensure that your transactions are processed correctly.