How To Fix FINS_ACDOC_POST055 - Currency type & not allowed for local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_POST - FIN UDoc posting: Message from posting

• Message number: 055

• Message text: Currency type & not allowed for local currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ACDOC_POST055 - Currency type & not allowed for local currency ?

  The SAP error message FINS_ACDOC_POST055 indicates that there is an issue with the currency type being used in a financial document. Specifically, it states that the currency type specified is not allowed for local currency transactions. This error typically arises during the posting of accounting documents in SAP.
  Cause:
  
  Incorrect Currency Type: The currency type being used in the transaction does not match the allowed currency types for local currency postings. For example, if the system is set to only allow certain currency types (like "00" for local currency), and a different type is being used, this error will occur.
  Configuration Issues: The configuration settings in the SAP system may not allow the specified currency type for local currency transactions. This could be due to settings in the controlling area or company code.
  Document Type Restrictions: Certain document types may have restrictions on the currency types that can be used.
  
  Solution:
  
  Check Currency Type: Verify the currency type being used in the transaction. Ensure that it is set to the correct local currency type (usually "00" for local currency).
  Review Configuration: Check the configuration settings in the SAP system:
  
  Go to the transaction code OB22 to review the settings for the company code and ensure that the local currency is correctly defined.
  Check the settings in the controlling area (transaction code OKKP) to ensure that the currency types are correctly configured.
  
  
  Document Type Settings: Review the document type settings to ensure that the currency type being used is allowed for that specific document type.
  Consult with SAP Basis or Functional Consultant: If you are unable to resolve the issue, it may be necessary to consult with an SAP Basis or functional consultant who can help review the system configuration and make necessary adjustments.
  
  Related Information:
  
  Currency Types: In SAP, currency types are defined in the system and can include local currency, group currency, and transaction currency. The local currency is typically the currency of the company code.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB22: Configuration for company code settings.
  OKKP: Configuration for controlling area settings.
  FB50: General ledger document posting, where you might encounter this error.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for the error message number in the SAP Support Portal.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.