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

SAP Error Message - Details

• 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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_REV_REC026 - Currency represented by &2 cannot be used as funtional curr. in comp. &1 ?

  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 for the company code or the relevant financial documents.
  
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Define Company Code).
  Verify the functional currency assigned to the company code &1. Ensure that the currency &2 is not being used incorrectly.
  
  
  
  Currency Configuration:
  
  If you need to use currency &2, you may need to change the functional currency of the company code, but this is a significant change and should be done with caution. Consult with your finance team or SAP consultant before making such changes.
  
  
  
  Review Transaction Data:
  
  Check the transaction you are trying to post. Ensure that the currency used is appropriate for the company code and that it aligns with the defined functional currency.
  
  
  
  Master Data Review:
  
  Ensure that all relevant master data (such as customer/vendor master records) is correctly configured to use the appropriate currencies.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may need to be adjusted.
  
  
  
  Related Information:
  
  Functional Currency: This is the currency of the primary economic environment in which the entity operates. It is important for financial reporting and compliance.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for company code settings) and OB08 (for exchange rate settings).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  If the problem persists after checking these areas, it may be beneficial to engage with your SAP support team or a consultant who can provide more tailored assistance based on your specific system configuration and business processes.