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

SAP Error Message - Details

• 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.

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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 is properly configured to accept the specified currency type.
  
  
  
  Review Currency Types:
  
  Check the currency types defined in the system (e.g., local currency, group currency, etc.) and ensure that they are correctly assigned to the company code and ledger.
  
  
  
  Validate Master Data:
  
  Review the master data for the relevant company code and ensure that it is correctly set up to use the specified currency type and ledger.
  
  
  
  Transaction Data:
  
  If the error occurs during a specific transaction, review the transaction data to ensure that the correct currency type, company code, and ledger are being used.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring currency types and ledgers.
  
  
  
  Testing:
  
  After making any changes, perform tests to ensure that the error no longer occurs and that transactions can be processed successfully.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for defining currency types) or OBY6 (for company code settings) to check and modify configurations.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Support: If the issue persists after checking configurations and master data, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_ML_ERD016 error in your SAP system.