How To Fix FINS_FI_MIG088 - Currency type &2 cannot be used in FI by company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_FI_MIG - SAP S/4HANA Finance: Data Migration

• Message number: 088

• Message text: Currency type &2 cannot be used in FI by company code &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_FI_MIG088 - Currency type &2 cannot be used in FI by company code &1 ?

  The SAP error message FINS_FI_MIG088 indicates that a specific currency type cannot be used in Financial Accounting (FI) for a given company code. This error typically arises during the migration or configuration of financial data, particularly when dealing with currency settings in SAP.
  Cause:
  The error message is triggered when:
  
  The currency type specified (denoted as &2 in the error message) is not configured for the company code (denoted as &1).
  The currency type may not be valid for the financial transactions being processed.
  There may be inconsistencies in the currency settings in the configuration of the company code.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP transaction code OB22 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types).
  Verify if the currency type &2 is defined and active for the company code &1.
  
  
  
  Assign Currency Type to Company Code:
  
  If the currency type is not assigned, you will need to add it. Ensure that the currency type is relevant for the financial transactions you are processing.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings in transaction code OBY6 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Ensure that the currency settings are correctly configured, including the local currency and any additional currencies.
  
  
  
  Check Migration Settings:
  
  If this error occurs during a migration process, review the migration settings and ensure that the currency types being used are correctly mapped and configured.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on currency types and their usage in FI.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Currency Types in SAP: Currency types are used to define how different currencies are treated in financial transactions. Common currency types include:
  
  10: Company code currency
  20: Group currency
  30: Hard currency
  40: Index currency
  
  
  Transaction Codes:
  
  OB22: Define Currency Types
  OBY6: Company Code Settings
  OB08: Define Exchange Rate Types
  
  
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP FI consultant or reach out to SAP support for further assistance.