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

FINS_IC_CUST048 - Overview

• 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.

FINS_IC_CUST048 - Details

• 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occur if there are inconsistencies in the data being processed, such as trying to execute a transaction that relies on outdated or incorrect currency conversion settings.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