How To Fix FINS_ACDOC_CUST089 - Currency type &2 specified for company code &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 089

• Message text: Currency type &2 specified for company code &1 does not exist

What causes this issue?

For currency type &V2&, currency conversion settings are defined for
company code &V1&.

System Response

Currency type &V2& does not exist at all.

How to fix this error?

Check the currency types and the currency conversion settings with
<DS:TRAN.FINSC_LEDGER>transaction FINSC_LEDGER</>.

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 FINS_ACDOC_CUST089 - Currency type &2 specified for company code &1 does not exist ?

  The SAP error message FINS_ACDOC_CUST089 indicates that there is an issue with the currency type specified for a particular company code. Specifically, the error states that the currency type you are trying to use does not exist for the specified company code.
  Cause:
  
  Non-Existent Currency Type: The currency type specified in the transaction does not exist in the configuration for the given company code.
  Incorrect Configuration: The currency type may not have been set up correctly in the system for the company code.
  Data Entry Error: There may be a typo or incorrect entry in the currency type field during data entry.
  
  Solution:
  
  
  Check Currency Type Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) or OBY6 (Define Currency Types).
  Verify that the currency type you are trying to use is defined for the company code in question.
  
  
  
  Define Currency Type:
  
  If the currency type does not exist, you may need to create it. This can typically be done in the configuration settings under Financial Accounting > General Ledger Accounting > Master Data > G/L Accounts > Preparation > Define Currency Types.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the company code using transaction code OBY6 to ensure that the currency type is correctly assigned.
  
  
  
  Correct Data Entry:
  
  If the currency type was entered incorrectly, correct the entry in the transaction that triggered the error.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency types and their configurations, refer to the SAP documentation or consult with your SAP administrator or functional consultant.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to define how currencies are handled in financial transactions. Common currency types include:
  
  10: Company code currency
  20: Group currency
  30: Hard currency
  40: Index currency
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain Exchange Rates
  OBY6: Define Currency Types
  OBY1: Define Company Code
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency types and company codes.
  
  By following these steps, you should be able to resolve the error message FINS_ACDOC_CUST089 and ensure that the currency type is correctly configured for your company code.