How To Fix FGL_PRE_CHECK016 - Activate control indicator "All Currencies" (CO area &1 / FiscYr &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FGL_PRE_CHECK - Pre Transition Check FI-GL

• Message number: 016

• Message text: Activate control indicator "All Currencies" (CO area &1 / FiscYr &2)

What causes this issue?

The "All currencies" indicator is inactive in CO area &v1& for fiscal
year &v2& (and possibly subsequent years).

System Response

Journal entry is active: Postings within CO are posted automatically
also in the General Ledger. It is recommended to record amounts also in
transaction currency.

How to fix this error?

If possible, activate the recording of all currencies for the next
fiscal year (IMG activity
<DS:SIMG.SIMG_CFMENUORK3OKKP>Maintain Controlling Area</>).
If CO objects with validity periods that continue beyond the current
fiscal year are active (such as orders)<(>,<)> it might be necessary to
convert data conversion first in order to avoid data inconsistencies.

Procedure for System Administrators

Please contact SAP.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FGL_PRE_CHECK016 - Activate control indicator "All Currencies" (CO area &1 / FiscYr &2) ?

  The SAP error message FGL_PRE_CHECK016 indicates that there is an issue with the control indicator "All Currencies" for a specific controlling area and fiscal year. This error typically arises when you are trying to activate or change certain settings in the Controlling (CO) module, and the system requires that the "All Currencies" control indicator be activated for the specified controlling area and fiscal year.
  Cause:
  The error is caused by the following reasons:
  
  Control Indicator Not Activated: The "All Currencies" control indicator is not activated for the specified controlling area and fiscal year.
  Configuration Issues: There may be configuration issues in the controlling area settings that prevent the activation of the control indicator.
  Inconsistent Data: There may be inconsistencies in the data related to currencies in the controlling area.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Control Indicator Settings:
  
  Go to the transaction code OKKP (Controlling Area: Settings).
  Select the relevant controlling area and check the settings for the "All Currencies" control indicator.
  If it is not activated, you will need to activate it.
  
  
  
  Activate "All Currencies":
  
  In the controlling area settings, find the option for "All Currencies" and activate it.
  Save your changes.
  
  
  
  Review Configuration:
  
  Ensure that the configuration for the controlling area is correct and consistent with your business requirements.
  Check if there are any other settings that might be affecting the currency settings.
  
  
  
  Check for Inconsistencies:
  
  Review any existing data in the controlling area to ensure there are no inconsistencies that could be causing the issue.
  If necessary, run consistency checks or reports to identify any problematic entries.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on controlling area settings and currency indicators.
  
  
  
  Contact SAP Support:
  
  If the issue persists after following the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OKKP: Controlling Area: Settings
  OBY6: Define Company Code Global Parameters
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Documentation: Review the SAP Help Portal for detailed information on controlling area settings and currency management.
  
  By following these steps, you should be able to resolve the FGL_PRE_CHECK016 error and successfully activate the "All Currencies" control indicator for the specified controlling area and fiscal year.