How To Fix FINS_IC_CUST053 - Different crcy settings (comp. code &1 /crcy type &2) in project settings

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 053

• Message text: Different crcy settings (comp. code &1 /crcy type &2) in project settings

What causes this issue?

For all company codes, within a project, that introduce a target
currency type into several ledgers, the source currency type, exchange
rate type, and translation date type must be the same. Otherwise, this
causes incomparable results in the company codes that are transferred.

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?

Update your project configuration to ensure that the source currency,
exchange rate, and translation date types are the same for all entries
that have the same company code and target currency combination.

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_CUST053 - Different crcy settings (comp. code &1 /crcy type &2) in project settings ?

  The SAP error message FINS_IC_CUST053 indicates that there is a mismatch in currency settings between the company code and the currency type in the project settings. This typically occurs in the context of financial integration or intercompany transactions where consistent currency settings are crucial for accurate reporting and processing.
  Cause:
  
  Different Currency Settings: The company code specified in the error message has a different currency setting than what is defined for the currency type in the project settings.
  Configuration Issues: There may be a misconfiguration in the project settings or company code settings regarding the currencies.
  Inconsistent Data: The data entered for the project may not align with the currency settings of the company code.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the SAP menu) to check the currency settings for the company code in question.
  Ensure that the currency type defined for the company code matches the currency type used in the project settings.
  
  
  
  Review Project Settings:
  
  Access the project settings (transaction code CJ02 for changing project definitions).
  Verify the currency type assigned to the project and ensure it aligns with the company code's currency settings.
  
  
  
  Adjust Currency Type:
  
  If there is a mismatch, you may need to adjust the currency type in either the project settings or the company code settings to ensure consistency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or configuration guides related to currency settings in project systems and intercompany transactions for further insights.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Currency Types: In SAP, currency types can include local currency, group currency, and transaction currency. Understanding these types is crucial for proper configuration.
  Intercompany Transactions: If this error arises in the context of intercompany transactions, ensure that all involved company codes have consistent currency settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial modules.