How To Fix FINS_IC_CUST027 - Currency type &1 isn't assigned to combination of ledger &2 and CoCode &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 027

• Message text: Currency type &1 isn't assigned to combination of ledger &2 and CoCode &3

What causes this issue?

The currency type &V1& cannot be used as a source currency type for the
currency conversion because it wasn't assigned to the combination of
ledger &V2& and company code &V3&.

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?

Select a currency type that is already assigned to the combination of
ledger &V2& and company code &V3&.

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_IC_CUST027 - Currency type &1 isn't assigned to combination of ledger &2 and CoCode &3 ?

  The SAP error message FINS_IC_CUST027 indicates that a specific currency type is not assigned to the combination of a ledger and a company code. This error typically arises in the context of financial transactions, particularly when dealing with intercompany transactions or when configuring financial settings in SAP.
  Cause:
  The error occurs due to one of the following reasons:
  
  Missing Configuration: The currency type specified in the error message is not configured for the specified ledger and company code combination in the system.
  Incorrect Settings: There may be incorrect settings in the configuration of the financial accounting module, particularly in the area of currency settings.
  Data Entry Error: The currency type being used in a transaction may not be valid for the specified ledger and company code.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the SAP transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currency Types).
  Verify that the currency type in question is assigned to the relevant ledger and company code combination.
  
  
  
  Assign Currency Type:
  
  If the currency type is not assigned, you will need to add it. Ensure that the currency type is correctly configured for the ledger and company code you are working with.
  
  
  
  Review Ledger Settings:
  
  Check the settings for the ledger in transaction code OB37 (or through SPRO > Financial Accounting > Financial Accounting Global Settings > Ledgers > Define Ledgers).
  Ensure that the ledger is correctly set up to handle the currency type you are trying to use.
  
  
  
  Validate Company Code Settings:
  
  Use transaction code OBY6 to check the company code settings and ensure that the currency type is valid for the company code in question.
  
  
  
  Test Transactions:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Currency Types: Currency types in SAP are used to define how different currencies are handled in financial transactions. Common currency types include local currency, group currency, and transaction currency.
  Ledgers: Ledgers in SAP are used to record financial transactions. Each ledger can have different settings, including currency types.
  Company Code: A company code is the smallest organizational unit in financial accounting for which a complete self-contained set of accounts can be drawn up.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP documentation for further troubleshooting.