How To Fix FINB_MSG_ACSYST008 - &1/&2: Change the settings for currency conversion

SAP Error Message - Details

• Message type: E = Error

• Message class: FINB_MSG_ACSYST -

• Message number: 008

• Message text: &1/&2: Change the settings for currency conversion

What causes this issue?

For valuation system <ZK>&V1&</> in community <ZK>&V2&</>, you have
entered at least one currency in which you want the document rows to be
converted. However, no currency conversion settings have been defined
for the valuation system.

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

System Response

How to fix this error?

In the current transaction, choose valuation system <ZK> &V2&</> in
Accounting Community <ZK>&V1&</>.
Make the necessary settings in the dialog structure, under <ls>currency
conversion</>.

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_MSG_ACSYST008 - &1/&2: Change the settings for currency conversion ?

  The SAP error message FINB_MSG_ACSYST008 typically indicates an issue related to currency conversion settings in the system. This error can occur in various financial transactions or reports where currency conversion is required, and it suggests that the current settings do not allow for the necessary conversion to take place.
  Cause:
  The error can be caused by several factors, including:
  
  Missing or Incorrect Currency Settings: The currency settings in the system may not be configured correctly for the specific transaction or report you are trying to execute.
  Currency Conversion Type: The conversion type used may not be defined or may not match the requirements of the transaction.
  Exchange Rate Validity: The exchange rates may not be maintained for the required currencies or may not be valid for the date of the transaction.
  Configuration Issues: There may be issues in the configuration of the financial module related to currency conversion.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Go to the relevant configuration settings in SAP (Transaction Code: SPRO).
  Navigate to the section for Financial Accounting (FI) or Controlling (CO) and check the currency settings.
  
  
  
  Maintain Exchange Rates:
  
  Ensure that the exchange rates for the currencies involved are maintained in the system.
  You can do this using Transaction Code: OB08 to maintain exchange rates.
  
  
  
  Review Currency Conversion Type:
  
  Check if the currency conversion type is correctly defined and is applicable for the transaction you are trying to execute.
  You can find this in the configuration settings under Financial Accounting.
  
  
  
  Check Validity of Exchange Rates:
  
  Ensure that the exchange rates are valid for the date of the transaction. If the rates are not valid, you may need to update them.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to currency conversion for any specific settings that may need to be adjusted.
  
  
  
  Test with Different Currencies:
  
  If possible, test the transaction with different currency combinations to see if the issue persists.
  
  
  
  Contact SAP Support:
  
  If the issue cannot be resolved through the above steps, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), SPRO (Customizing), and others related to financial settings.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide specific fixes or patches.
  User Forums: Engage with SAP community forums or user groups where similar issues may have been discussed.
  
  By following these steps, you should be able to identify and resolve the cause of the FINB_MSG_ACSYST008 error in your SAP system.