How To Fix FINS_IC_CUST033 - Target crcy type &1 in ledger &2 CoCode &3 is only valid for entry view

FINS_IC_CUST033 - Overview

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 033

• Message text: Target crcy type &1 in ledger &2 CoCode &3 is only valid for entry view

What causes this issue?

The target currency type &V1& for the combination of ledger &V2& and
company code &V3& can only be used in the entry view.
In your ledger settings, the currency types that are valid for the entry
view are shown in columns 1st FI currency, 2nd FI currency, and 3rd FI
currency. The fields in the column 1st FI currency are filled
automatically.

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?

If you want to introduce a new currency, you must select a currency type
that is valid for the general ledger view.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_IC_CUST033 - Details

• The SAP error message FINS_IC_CUST033 typically indicates an issue related to currency types in the context of financial accounting, particularly when dealing with ledgers and company codes. Here’s a breakdown of the cause, potential solutions, and related information for this error:
  
  Cause:
  
  Currency Type Configuration: The error suggests that the currency type specified (denoted as &1) for the ledger (denoted as &2) and company code (denoted as &3) is only valid for the entry view. This means that the currency type is not configured correctly for the reporting or display view in the system.
  Inconsistent Settings: There may be inconsistencies in the configuration settings for the ledger or company code, particularly regarding how currencies are defined and used in different views (entry vs. display).
  Data Entry Issues: The error may also arise if there is an attempt to post or display data in a view that does not support the specified currency type.
  
  
  Solution:
  
  
  Check Currency