How To Fix FINS_IC_CUST048 - Currency conversion settings were changed (comp. code &1, crcy type &2)

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 048

• Message text: Currency conversion settings were changed (comp. code &1, crcy type &2)

What causes this issue?

The currency conversion settings for company codes were changed after
the preparation phase of the current project was completed.
The differences are related to company code &V1& and currency type &V2&,
which is either new or has been deleted.
In general, subsequent project configuration changes are not allowed and
cannot be handled properly during data processing. Such changes might
cause data inconsistencies.

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>Currency Conversion
Settings for Company Codes </>in the Customizing activity
<DS:SIMG.FINSVC_LEDGER_IC>Define Settings for Currency Types</>.
In non-production systems, you can change the message type (and even
suppress the message) in
<DS:TRAN.OBA5>Message Control by User</> using application area
FINS_IC_CUST, message number 048.
In case of message type = 'I' (Info), 'S' (Success) or 'W' (Warning), it
will be possible to perform the current operation.

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_CUST048 - Currency conversion settings were changed (comp. code &1, crcy type &2) ?

  The SAP error message FINS_IC_CUST048 indicates that there have been changes to the currency conversion settings for a specific company code and currency type. This error typically arises in the context of financial transactions or reporting where currency conversion is required.
  Cause:
  
  Changes in Configuration: The currency conversion settings for the specified company code and currency type have been modified. This could include changes to exchange rates, conversion methods, or other related settings.
  Inconsistent Data: The error may also occur if there are inconsistencies in the data being processed, such as trying to execute a transaction that relies on outdated or incorrect currency conversion settings.
  Timing Issues: If the changes were made while a transaction was being processed, it could lead to this error.
  
  Solution:
  
  
  Review Configuration Changes: Check the configuration settings for currency conversion in the SAP system. This can be done through the following path:
  
  SPRO ? Financial Accounting (New) ? Financial Accounting Global Settings ? Currencies ? Define Conversion Rates.
  Ensure that the settings for the specified company code and currency type are correct and consistent with your business requirements.
  
  
  
  Check Exchange Rates: Verify that the exchange rates are correctly maintained in the system. You can do this by:
  
  Using transaction code OB08 to view and maintain exchange rates.
  Ensure that the rates are valid for the date of the transaction you are trying to process.
  
  
  
  Reprocess the Transaction: If the error occurred during a specific transaction, try to reprocess it after confirming that the currency settings are correct.
  
  
  Consult Documentation: If you are unsure about the changes made, consult the documentation or change logs to understand what modifications were applied to the currency conversion settings.
  
  
  Contact SAP Support: If the issue persists after checking the configuration and exchange rates, consider reaching out to SAP support for further assistance.
  
  
  Related Information:
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as:
  
  OB08: Maintain exchange rates.
  SPRO: Access the configuration settings.
  
  
  
  SAP Notes: Check for any SAP Notes related to this error message for additional guidance or patches that may address known issues.
  
  
  Testing Environment: If possible, replicate the issue in a testing environment to better understand the cause without affecting production data.
  
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.