How To Fix FINS_ACDOC_POST062 - Foreign currency simulation with ledger & not allowed

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 062

• Message text: Foreign currency simulation with ledger & not allowed

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ACDOC_POST062 - Foreign currency simulation with ledger & not allowed ?

  The SAP error message FINS_ACDOC_POST062 indicates that a foreign currency simulation is not allowed for a specific ledger. This error typically arises in the context of financial postings when the system is trying to perform a currency conversion or simulation for a ledger that does not support it.
  Cause:
  
  Ledger Configuration: The ledger in question may not be configured to allow foreign currency simulations. This can happen if the ledger is set up for local currency only or if it is a non-leading ledger that does not support currency conversion.
  Document Type Restrictions: Certain document types may have restrictions on foreign currency postings, leading to this error.
  Currency Settings: The currency settings in the company code or the controlling area may not allow for foreign currency transactions in the specified ledger.
  Posting Period: The posting period may be closed or restricted for foreign currency transactions.
  
  Solution:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings for the ledger in question (Transaction Code: OB22 or SPRO).
  Ensure that the ledger is set up to allow foreign currency transactions. If it is a non-leading ledger, check if it is configured to allow currency conversion.
  
  
  
  Review Document Type Settings:
  
  Check the document type settings to ensure that the document type being used allows for foreign currency postings.
  
  
  
  Currency Settings:
  
  Verify the currency settings in the company code and controlling area. Ensure that the currency types are correctly defined and that the ledger supports the currencies being used.
  
  
  
  Posting Period:
  
  Check if the posting period is open for the relevant transactions. If the period is closed, you may need to open it or use a different period.
  
  
  
  Consult SAP Notes:
  
  Look for any relevant SAP Notes that may address this specific error. Sometimes, there are known issues or patches that can resolve the problem.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test posting to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OB22 (Define Ledgers)
  SPRO (SAP Reference IMG)
  FB50 (General Ledger Document Entry)
  
  
  
  Documentation: 
  
  Review SAP documentation related to financial accounting and ledger management for more detailed guidance on configuring ledgers and handling foreign currency transactions.
  
  
  
  SAP Community: 
  
  Engage with the SAP Community forums for insights from other users who may have encountered and resolved similar issues.
  
  
  
  If the problem persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financials for further assistance.