How To Fix FICUSTOM070 - The company code currency is different to the FM area currency &1 &2 &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FICUSTOM - Customizable Messages for Funds Management

• Message number: 070

• Message text: The company code currency is different to the FM area currency &1 &2 &3

What causes this issue?

In the Customizing of <LS>Enterprise Structure</> company code &V1& is
assigned to FM area &V2&.
In order to ensure that the data from Financial Accounting is updated
correctly in <LS>Funds Management</>, the company codes must be managed
in the same local currency as the assigned FM areas.
If it is not possible to define this match, one further local currency
must be managed in the company codes that corresponds to the FM area
currency. The currency type of this local currency must be assigned to
the FM area.
You should either assign the currency type &V3& of an additional local
currency to FM area &V2&, though the currency does not match the FM area
currency, or changes were made to a local currency of company code &V1&.

System Response

How to fix this error?

Get your system administrator to check the settings for the additional
local currency in the Customizing of <LS>Financial Accounting</> in IMG
activity <DS:SIMG.SIMG_CFMENUORFBOB22>"Define Additional Local
Currencies"</> and the assignment of the currency type &V3& to FM area
&V2& in the Customizing of <LS>Funds Management</> in IMG activity
<DS:SIMG._ISPSFM_OFUP>"Make Other Settings "</>.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FICUSTOM070 - The company code currency is different to the FM area currency &1 &2 &3 ?

  The SAP error message FICUSTOM070 indicates that there is a mismatch between the currency of the company code and the currency of the Funds Management (FM) area. This error typically arises when you are trying to post a transaction in the Funds Management module, and the currencies do not align as expected.
  Cause:
  
  Currency Configuration: The company code is set up with a specific currency (e.g., local currency), while the FM area is configured with a different currency.
  Transaction Posting: When attempting to post a transaction, the system checks the currency settings and finds that they do not match, leading to this error.
  Master Data Issues: There may be inconsistencies in the master data settings for the company code and FM area.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for both the company code and the FM area.
  Ensure that the currency settings for both are aligned. You can do this by navigating to:
  
  Company Code Settings: SPRO ? Financial Accounting ? General Ledger Accounting ? Master Data ? G/L Accounts ? Prepare G/L Account Creation ? Define Company Code.
  FM Area Settings: SPRO ? Public Sector Management ? Funds Management ? Master Data ? Define FM Area.
  
  
  
  
  
  Adjust Currency Settings:
  
  If the currencies are indeed different and this is intentional, you may need to adjust your transaction or find a way to convert the currencies appropriately.
  If the currencies should be the same, you may need to change the currency of either the company code or the FM area to match.
  
  
  
  Review Master Data:
  
  Check the master data for any inconsistencies that might be causing the issue. This includes reviewing the settings for the relevant G/L accounts, cost centers, or internal orders.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on how to resolve this error in your particular system setup.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (for company code settings) and FMX1 (for FM area settings) to access the relevant configuration screens.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to this error.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FICUSTOM070 error and ensure that your company code and FM area currencies are properly aligned.