How To Fix FINS_REV_REC026 - Currency represented by &2 cannot be used as funtional curr. in comp. &1

FINS_REV_REC026 - Overview

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 026

• Message text: Currency represented by &2 cannot be used as funtional curr. in comp. &1

What causes this issue?

The quoted column represents a column of the table ACDOCA which may hold
currency values. The general ledger customizing for currencies does not
support this column with the properties which are required to hold a
functional currency for event based revenue recognition.

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?

Inform your system administrator.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FINS_REV_REC026 - Details

• The SAP error message FINS_REV_REC026 indicates that there is an issue with the currency settings in your SAP system. Specifically, it states that the currency represented by &2 cannot be used as the functional currency in company code &1. This error typically arises in the context of financial transactions, particularly when dealing with revenue recognition or accounting entries.
  
  Cause:
  
  
  Currency Configuration: The currency you are trying to use (represented by &2) is not set up as a functional currency for the specified company code (&1). Each company code in SAP has a designated functional currency, and only currencies that are defined as such can be used for transactions within that company code.
  
  
  Transaction Currency Mismatch: If you are trying to post a transaction in a currency that is not recognized as the functional currency for the company code, this error will occur.
  
  
  Master Data Issues: There may be issues with the master data configuration