How To Fix FINS_ACDOC_CUST316 - Source currency type not specified for curr type &2 in company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 316

• Message text: Source currency type not specified for curr type &2 in company code &1

What causes this issue?

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

System Response

Source currency type is required for currency type &V2&.

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_CUST316 - Source currency type not specified for curr type &2 in company code &1 ?

  The SAP error message FINS_ACDOC_CUST316 indicates that there is an issue with the currency type configuration in the system. Specifically, it states that the source currency type has not been specified for the currency type indicated by &2 in the company code &1. This error typically arises during financial postings or when trying to execute certain financial transactions.
  Cause:
  
  Missing Configuration: The source currency type for the specified currency type has not been defined in the system. This can happen if the currency types have not been properly set up in the configuration.
  Incorrect Company Code Settings: The company code may not have the necessary currency settings configured, leading to the inability to process transactions involving the specified currency type.
  Data Entry Errors: There may be an error in the data entry where the currency type is not correctly specified.
  
  Solution:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Currencies > Define Currency Types.
  Ensure that the source currency type is defined for the currency type in question.
  
  
  
  Define Source Currency Type:
  
  If the source currency type is missing, you will need to define it. This can be done by selecting the appropriate currency type and specifying the source currency type.
  
  
  
  Review Company Code Settings:
  
  Check the settings for the company code in transaction code OBY6 (or through SPRO).
  Ensure that the currency types are correctly assigned to the company code.
  
  
  
  Check Transaction Data:
  
  Review the transaction data being processed to ensure that the currency type is correctly specified and that there are no data entry errors.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP Basis or Finance team for assistance.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Company Code Global Settings
  SPRO: Access to the SAP Customizing Implementation Guide
  
  
  Currency Types: In SAP, currency types are used to define how different currencies are handled in financial transactions. Common currency types include:
  
  10: Company Code Currency
  20: Group Currency
  30: Hard Currency
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  By following these steps, you should be able to resolve the error message FINS_ACDOC_CUST316 and ensure that the currency types are correctly configured in your SAP system.