How To Fix FINS_ACDOC_CUST313 - Currency type not specified for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 313

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

What causes this issue?

No currency type entered. Currency conversion settings are defined for
company code &V1&.

System Response

Currency type is required.

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_CUST313 - Currency type not specified for company code &1 ?

  The SAP error message FINS_ACDOC_CUST313 indicates that a currency type has not been specified for a particular company code in the system. This error typically arises during financial transactions or postings when the system requires a currency type to be defined but cannot find one.
  Cause:
  The primary cause of this error is that the currency type for the specified company code has not been maintained in the system. Currency types are essential for financial reporting and transactions, as they define how monetary values are represented in the system.
  Solution:
  To resolve this error, you need to specify the currency type for the affected company code. Here are the steps to do this:
  
  
  Access the Configuration Settings:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Define Currency Types:
  
  Follow the path: Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Define Currency Types.
  Here, you can define the necessary currency types if they are not already set up.
  
  
  
  Assign Currency Types to Company Code:
  
  Navigate to: Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Assign Currency Types to Company Codes.
  Select the relevant company code and ensure that the appropriate currency types are assigned.
  
  
  
  Check Company Code Settings:
  
  You can also check the company code settings by going to Transaction Code OX02 (for company code settings).
  Ensure that the currency type is correctly defined in the company code settings.
  
  
  
  Test the Changes:
  
  After making the necessary changes, try to perform the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are used to differentiate between various currencies used in financial transactions, such as local currency, group currency, and hard currency.
  Transaction Codes: Familiarize yourself with relevant transaction codes like OX02 (for company code settings) and OX19 (for currency settings) to navigate quickly.
  Documentation: Refer to SAP Help documentation for detailed information on configuring currencies and company codes.
  
  If the error persists after following these steps, it may be necessary to consult with your SAP Basis or Finance team for further investigation, as there may be additional configuration issues or dependencies that need to be addressed.