How To Fix FINS_IC_CUST031 - Field &1 ("&2") isn't initial in settings for ledger &3 / comp. code &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 031

• Message text: Field &1 ("&2") isn't initial in settings for ledger &3 / comp. code &4

What causes this issue?

Freely defined currencies are not used in the database table (BSEG) for
accounting documents. Therefore, the corresponding currency position
setting, must be initial in the settings for the combination of ledger
&V3& and company code &V4&. In this case, the relevance indicator for
Material Ledger of the new target currency, must be initial.
For setting &V1& ("&V2&") this requirement is currently not fulfilled.

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?

Check and adjust the settings for the combination of ledger &V3& and
company code &V4& in the Customizing activity
<DS:SIMG.FINSVC_LEDGER_IC>Define Settings for Currency Types</>.

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_CUST031 - Field &1 ("&2") isn't initial in settings for ledger &3 / comp. code &4 ?

  The SAP error message FINS_IC_CUST031 typically occurs in the context of intercompany accounting settings. This error indicates that a specific field (denoted by &1 and &2) is not initialized (i.e., it has a value) in the configuration for a particular ledger (&3) and company code (&4). 
  Cause:
  The error usually arises due to one of the following reasons:
  
  Configuration Issues: The intercompany settings for the specified ledger and company code are not properly configured. This could mean that certain required fields have been filled in when they should be left blank or vice versa.
  Inconsistent Data: There may be inconsistencies in the data entered for intercompany transactions, leading to conflicts with the expected settings.
  Missing Customization: The necessary customization for intercompany transactions may not have been completed, leading to the system expecting certain fields to be initialized.
  
  Solution:
  To resolve the FINS_IC_CUST031 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the configuration settings for intercompany accounting in SAP (Transaction code: SPRO).
  Navigate to the relevant path for intercompany settings and check the configuration for the specified ledger and company code.
  Ensure that the fields in question (identified by &1 and &2) are set correctly according to your business requirements.
  
  
  
  Review Field Initialization:
  
  If the error indicates that a field should be initial (blank), check if it has been incorrectly filled. If it should be blank, clear the value.
  Conversely, if the field should have a value, ensure that it is populated correctly.
  
  
  
  Data Consistency:
  
  Review the data for intercompany transactions to ensure that all required fields are filled out correctly and consistently.
  Check for any discrepancies in the data that might be causing the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to intercompany accounting for any specific requirements or known issues that might relate to your configuration.
  
  
  
  Testing:
  
  After making changes, test the intercompany transactions again to see if the error persists.
  
  
  
  Seek Help:
  
  If the issue continues, consider reaching out to your SAP support team or consulting with an SAP expert who can provide more tailored assistance based on your specific configuration and business processes.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), FB01 (for posting), and FBL1N (for vendor line items) to help in troubleshooting.
  SAP Notes: Check SAP Notes for any updates or patches that might address this specific error message.
  Intercompany Accounting: Understanding the principles of intercompany accounting and how they are configured in SAP can provide insights into resolving such errors.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_IC_CUST031 error in your SAP system.