How To Fix FINS_ACDOC_CUST350 - No currency and valuation profile assigned to controlling area &1

FINS_ACDOC_CUST350 - Overview

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 350

• Message text: No currency and valuation profile assigned to controlling area &1

What causes this issue?

In the Customizing settings for
<DS:SIMG.V_FCML_MLCO_COFI>Multiple Accounting Principles in Controlling
(COGM)</>, an entry exists for company code &V1& and <LS>Excl. Update</>
= &V2&.

System Response

No <LS>Currency and Valuation Profile</> is assigned to controlling area
&V3&.

How to fix this error?

Please check the relevant settings in the
<DS:SIMG.SIMG_ORK3SM30_WAEHR>Assign Currency and Valuation Profile to
Controlling Area</> activity.

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_CUST350 - No currency and valuation profile assigned to controlling area &1 ?

  The SAP error message FINS_ACDOC_CUST350 indicates that there is no currency and valuation profile assigned to the specified controlling area. This error typically arises when you are trying to perform a financial transaction or reporting that requires a currency and valuation profile, but the system cannot find the necessary configuration for the controlling area in question.
  
  Cause:
  
  Missing Configuration: The controlling area has not been assigned a currency and valuation profile in the system.
  Incorrect Settings: The settings for the controlling area may be incomplete or incorrectly configured.
  Transport Issues: If the configuration was recently transported from another system, it may not have been properly set up in the target system.
  
  
  Solution:
  To resolve this error, you need to assign a currency and valuation profile to the controlling area. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Find the Controlling