How To Fix FINB_CURRENCY003 - Characteristic &1 is required for conversion to currency ID &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FINB_CURRENCY - Messages for Currency Translation

• Message number: 003

• Message text: Characteristic &1 is required for conversion to currency ID &2

What causes this issue?

Currency ID &v2& has been customized in such a way that characteristic
&v1& is required for currency translation into it. Accounting system
&v3& does <ZH>not</> contain this characteristic.

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?

Change the configuration of accounting system &v3& or change the
Customizing settings for currency ID &v2&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINB_CURRENCY003 - Characteristic &1 is required for conversion to currency ID &2 ?

  The SAP error message FINB_CURRENCY003 indicates that a required characteristic for currency conversion is missing. This error typically arises in the context of financial transactions or reporting where currency conversion is necessary, and the system requires specific characteristics to perform the conversion correctly.
  Cause:
  The error occurs when:
  
  A currency conversion is attempted without providing the necessary characteristic (e.g., a specific key figure or dimension) that is required for the conversion to the specified currency ID.
  The characteristic that is needed for the conversion is not defined in the data or is not available in the context of the transaction being processed.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Configuration: Ensure that the necessary characteristics for currency conversion are properly configured in your SAP system. This may involve checking the settings in the relevant modules (e.g., Financial Accounting, Controlling).
  
  
  Review Data: Verify that the data being processed includes all required characteristics. If you are working with a report or a transaction, ensure that all necessary fields are populated.
  
  
  Update Master Data: If the characteristic is related to master data (e.g., customer, vendor, material), ensure that the master data is complete and includes the required currency information.
  
  
  Transaction Context: If the error occurs in a specific transaction, review the context of that transaction to ensure that all required parameters are being passed correctly.
  
  
  Consult Documentation: Refer to SAP documentation or help resources for specific details on the characteristics required for currency conversion in your version of SAP.
  
  
  Debugging: If you have access to technical resources, consider debugging the process to identify where the missing characteristic is causing the issue.
  
  
  Contact Support: If the issue persists and you cannot identify the cause, consider reaching out to SAP support or your internal SAP support team for assistance.
  
  
  Related Information:
  
  Currency Conversion: In SAP, currency conversion is often used in financial reporting and analysis to ensure that values are represented in a consistent currency.
  Characteristics: Characteristics in SAP can refer to various attributes or fields that are necessary for processing transactions, such as currency codes, account numbers, or other identifiers.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on currency conversion issues.
  
  By following these steps, you should be able to identify and resolve the cause of the FINB_CURRENCY003 error in your SAP system.