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

FINS_ACDOC_CUST316 - Overview

• 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)