How To Fix FINS_ACDOC_UTIL017 - Objects in company code &3 need object currency code &2, not &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_UTIL - Messages for package FINS_ACDOC_UTIL

• Message number: 017

• Message text: Objects in company code &3 need object currency code &2, not &1

What causes this issue?

Your customizing for the involved controlling area defines that all
objects (cost centers, order, WBS elements, ...) uses as object currency
code the currency code which is assigned to the company code as first
local currency.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ACDOC_UTIL017 - Objects in company code &3 need object currency code &2, not &1 ?

  The SAP error message FINS_ACDOC_UTIL017 indicates that there is a mismatch between the currency code expected for a specific object in a company code and the currency code that is currently being used. This error typically arises in the context of financial accounting and document processing within SAP.
  Cause:
  The error occurs when:
  
  A financial document is being processed, and the system expects a specific currency code for a particular object (like a cost center, internal order, etc.) in the specified company code.
  The currency code being used does not match the expected currency code for that object. For example, if the system expects the currency to be in "EUR" but the document is being processed in "USD", this error will be triggered.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Object Currency Configuration:
  
  Verify the currency settings for the object in question (e.g., cost center, internal order, etc.) in the relevant configuration settings. Ensure that the expected currency is correctly set up in the system.
  
  
  
  Review Document Currency:
  
  Check the currency of the document you are trying to post. Ensure that it matches the expected currency for the object in the company code.
  
  
  
  Adjust Document Currency:
  
  If the document currency is incorrect, you may need to adjust it to match the expected currency for the object. This may involve changing the currency in the document or creating a new document with the correct currency.
  
  
  
  Consult with Financial Team:
  
  If you are unsure about the correct currency settings or how to proceed, consult with your finance or accounting team. They may have insights into the correct configurations and can help ensure that the document is processed correctly.
  
  
  
  Check for Customizations:
  
  If your SAP system has customizations or enhancements, check if any of these might be affecting currency handling for the specific objects.
  
  
  
  SAP Notes and Documentation:
  
  Look for any relevant SAP Notes or documentation that might provide additional insights or solutions related to this error message.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (for company code settings) or KS01 (for cost center creation) to check and modify the relevant settings.
  Currency Types: Understand the different currency types in SAP (e.g., document currency, local currency, and group currency) and how they interact with each other.
  Testing: After making changes, perform tests to ensure that the error does not reoccur and that documents can be processed without issues.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.