How To Fix FINS_REV_REC048 - Inconsistent currencies for currency type &1 and currency &2, column &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 048

• Message text: Inconsistent currencies for currency type &1 and currency &2, column &3

What causes this issue?

Some currencies are mandatory for a revenue recognition document to be
posted. The quoted currency is missing.

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_REC048 - Inconsistent currencies for currency type &1 and currency &2, column &3 ?

  The SAP error message FINS_REV_REC048 indicates that there is an inconsistency in the currency types and amounts in a financial document or transaction. This error typically arises in the context of revenue recognition or related financial processes where multiple currencies are involved.
  Cause:
  The error occurs when:
  
  There is a mismatch between the currency types used in the transaction. For example, if the system expects a certain currency type (like local currency) but finds a different one (like document currency).
  The amounts in different currencies do not align correctly, which can happen if there are issues with currency conversion rates or if the amounts were entered incorrectly.
  The configuration settings for currency types in the relevant financial module may not be set up correctly.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Currency Configuration:
  
  Verify the configuration of currency types in the relevant financial module (e.g., revenue recognition). Ensure that the currency types are correctly defined and that they match the expected values.
  
  
  
  Review Document Entries:
  
  Go through the document or transaction that triggered the error. Check the currency types and amounts for consistency. Ensure that the amounts are entered in the correct currency and that they correspond to the expected currency types.
  
  
  
  Currency Conversion Rates:
  
  If applicable, check the currency conversion rates in the system. Ensure that the rates are up to date and that they are correctly applied to the transaction.
  
  
  
  Adjustments:
  
  If you find discrepancies, make the necessary adjustments to the document. This may involve correcting the currency type or amount.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on handling currency-related errors in your version of SAP.
  
  
  
  Testing:
  
  After making adjustments, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FB03 (Display Document) or FB02 (Change Document) to review and modify financial documents.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Roles: Ensure that you have the necessary permissions to view and modify financial documents in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a financial consultant who specializes in SAP to further investigate the problem.