How To Fix FINS_REC604 - Wrong currency key in Universal Journal Entries: &1 messages

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REC - Reconciliation Message Class

• Message number: 604

• Message text: Wrong currency key in Universal Journal Entries: &1 messages

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REC604 - Wrong currency key in Universal Journal Entries: &1 messages ?

  The SAP error message FINS_REC604, which states "Wrong currency key in Universal Journal Entries: &1," typically occurs in the context of financial postings in the Universal Journal (part of the SAP S/4HANA system). This error indicates that there is a mismatch or an invalid currency key in the journal entries being processed.
  Cause:
  
  Invalid Currency Key: The currency key specified in the journal entry does not exist in the system or is not valid for the transaction being processed.
  Currency Configuration Issues: There may be issues with the configuration of currencies in the system, such as missing currency types or incorrect settings in the currency configuration.
  Data Entry Errors: Manual data entry errors can lead to incorrect currency codes being used in the journal entries.
  Master Data Issues: The master data for the relevant accounts may not be set up correctly, leading to currency mismatches.
  
  Solution:
  
  Check Currency Key: Verify that the currency key used in the journal entry is valid. You can do this by checking the currency configuration in the system (transaction code OB08 for currency types).
  Review Journal Entry: Look at the specific journal entry that triggered the error. Ensure that all currency fields are populated correctly and that the currency key matches the expected values.
  Master Data Review: Check the master data for the accounts involved in the journal entry. Ensure that the currency settings for these accounts are correct and that they support the currency being used.
  Configuration Check: Review the configuration settings for currencies in the system. Ensure that all necessary currencies are defined and that the settings align with the business requirements.
  Consult Documentation: Refer to SAP documentation or notes related to the Universal Journal and currency handling for any specific guidance or updates that may address the issue.
  Testing: After making corrections, test the journal entry again to ensure that the error does not reoccur.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Currencies), FB50 (General Ledger Account Document Entry), and others that may help in troubleshooting.
  SAP Notes: Check for any SAP Notes related to FINS_REC604 for additional insights or patches that may resolve known issues.
  SAP Community: Engage with the SAP Community forums for discussions and solutions shared by other users who may have encountered similar issues.
  
  If the problem persists after following these steps, it may be beneficial to involve your SAP support team or consult with an SAP expert for further assistance.