How To Fix FINS_ML_ERD016 - Invalid combination: Currency type &1, company code &2 and ledger &3

FINS_ML_ERD016 - Overview

• Message type: E = Error

• Message class: FINS_ML_ERD - Material Ledger: Exchange Rate Differences

• Message number: 016

• Message text: Invalid combination: Currency type &1, company code &2 and ledger &3

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_ML_ERD016 - Invalid combination: Currency type &1, company code &2 and ledger &3 ?

  The SAP error message FINS_ML_ERD016 indicates that there is an invalid combination of currency type, company code, and ledger in the context of the Multi-Ledger Accounting (MLA) functionality. This error typically arises when there is a mismatch or misconfiguration in the settings related to currency types, company codes, or ledgers in the SAP system.
  
  Cause:
  
  Invalid Currency Type: The currency type specified in the transaction does not exist or is not valid for the specified company code and ledger.
  Company Code Issues: The company code may not be configured to use the specified currency type or ledger.
  Ledger Configuration: The ledger may not be set up to accept transactions in the specified currency type.
  Master Data Issues: There may be inconsistencies in the master data related to the company code, currency type, or ledger.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the company code and ensure that the currency type is correctly defined.
  Verify that the ledger