How To Fix FINS_IC_CUST046 - Currency for trgt crcy &1 (ledger &2 / CoCode &3) could not be determined

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 046

• Message text: Currency for trgt crcy &1 (ledger &2 / CoCode &3) could not be determined

What causes this issue?

The currency isn't maintained in <LS>Target Currency Type</> field. This
prevents the data conversion.

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?

You can maintain these settings by selecting <LS>Global Currency
Conversion Settings</> or <LS>Currency Conversion Settings for Company
Codes</> 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_CUST046 - Currency for trgt crcy &1 (ledger &2 / CoCode &3) could not be determined ?

  The SAP error message FINS_IC_CUST046 indicates that the system is unable to determine the currency for a target currency in a specific ledger and company code. This error typically arises in the context of intercompany transactions or when dealing with multiple currencies in financial postings.
  Cause:
  
  Missing Currency Configuration: The target currency may not be properly configured in the system for the specified ledger and company code.
  Incorrect Settings in Customizing: The settings in the SAP Customizing (SPRO) for currency types, ledgers, or company codes may not be correctly defined.
  Inconsistent Currency Settings: There may be inconsistencies between the currency settings in the source and target company codes or ledgers.
  Missing Exchange Rate: The exchange rate for the currency pair may not be maintained in the system.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the SAP Customizing (SPRO) and navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation > Define Account Groups. Ensure that the target currency is defined for the relevant account groups.
  
  
  
  Verify Ledger and Company Code Settings:
  
  Check the settings for the ledger and company code in the configuration. Ensure that the target currency is assigned correctly.
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Global Settings > Currencies > Define Currencies and ensure that the target currency is listed.
  
  
  
  Maintain Exchange Rates:
  
  Ensure that the exchange rates for the relevant currency pair are maintained. You can do this by going to Financial Accounting (New) > General Ledger Accounting (New) > Global Settings > Currencies > Maintain Exchange Rates.
  
  
  
  Check Intercompany Settings:
  
  If this error occurs in an intercompany context, ensure that the intercompany settings are correctly configured. This includes checking the intercompany partner settings and ensuring that the currencies are compatible.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the transaction data to ensure that all necessary fields are filled out correctly and that the currencies are valid.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (for maintaining exchange rates) and OB22 (for defining currencies) to access the relevant configuration screens.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Refer to SAP documentation for detailed information on currency configuration and intercompany settings.
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.