How To Fix FINS_REV_REC063 - &3: object currencies &2 of journal entries differ from &1 of master data

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 063

• Message text: &3: object currencies &2 of journal entries differ from &1 of master data

What causes this issue?

If the object currency or the contract currency is used as the
functional currency, only a single currency is supported for a
particular object. The indicated single currency is the currency
assigned to the master data of the indicated object. Furthermore there
cannot be any journal entries without such a currency for this
particular object.

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?

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_REC063 - &3: object currencies &2 of journal entries differ from &1 of master data ?

  The SAP error message FINS_REV_REC063 indicates that there is a discrepancy between the currency of the journal entries and the currency of the master data for a specific object. This typically occurs in the context of revenue recognition and can affect financial reporting and accounting processes.
  Cause:
  The error arises when:
  
  The currency of the journal entries (e.g., revenue recognition entries) does not match the currency defined in the master data (e.g., customer master data, contract master data).
  There may be a configuration issue where the currency settings for the relevant objects are not aligned.
  The system is trying to process a transaction that involves multiple currencies, and the conversion or mapping is not set up correctly.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Master Data:
  
  Verify the currency settings in the master data for the relevant objects (e.g., customer, vendor, or contract).
  Ensure that the currency in the master data matches the currency used in the journal entries.
  
  
  
  Review Journal Entries:
  
  Examine the journal entries that are causing the error. Check the currency used in these entries.
  If necessary, adjust the journal entries to ensure they are in the correct currency.
  
  
  
  Configuration Settings:
  
  Review the configuration settings in the SAP system related to currency management. Ensure that the currency types and settings are correctly defined.
  Check if there are any currency conversion settings that need to be adjusted.
  
  
  
  Data Consistency:
  
  Ensure that there is consistency in the currency used across all related documents and transactions.
  If there are multiple currencies involved, consider using a common currency for reporting purposes.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to revenue recognition and currency handling for any specific guidelines or updates.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the process again to ensure that the error does not reoccur.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like FB03 (Display Document), FBL1N (Vendor Line Item Display), or FBL5N (Customer Line Item Display) to review the relevant documents.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_REV_REC063 error in your SAP system.