How To Fix FKCHK342 - Currency specified does not correspond to payment document currency (&1)

SAP Error Message - Details

• Message type: E = Error

• Message class: FKCHK - Check Repository Messages

• Message number: 342

• Message text: Currency specified does not correspond to payment document currency (&1)

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FKCHK342 - Currency specified does not correspond to payment document currency (&1) ?

  The SAP error message FKCHK342 indicates that there is a mismatch between the currency specified in the payment document and the currency that is expected for the transaction. This typically occurs during the processing of payment documents, such as when you are trying to post a payment or create a payment run.
  Cause:
  
  Currency Mismatch: The currency specified in the payment document does not match the currency of the invoice or the vendor account.
  Configuration Issues: There may be configuration issues in the system regarding currency settings for the company code, vendor master data, or payment methods.
  Incorrect Payment Method: The payment method used may not be compatible with the currency of the payment document.
  Data Entry Errors: Manual entry errors when creating the payment document can lead to incorrect currency being specified.
  
  Solution:
  
  Check Payment Document: Review the payment document to ensure that the currency specified matches the currency of the invoice or vendor account.
  Verify Vendor Master Data: Check the vendor master data to ensure that the currency settings are correct. The currency in the vendor master should match the currency of the invoices.
  Review Payment Method Configuration: Ensure that the payment method being used is configured to handle the specified currency. You can check this in the payment method configuration settings.
  Adjust Currency in Payment Document: If the currency is incorrect, you may need to adjust the payment document to use the correct currency.
  Consult with Finance Team: If you are unsure about the correct currency settings, consult with your finance or accounting team to ensure compliance with company policies.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like FBZ1 (Post with Clearing) or F110 (Automatic Payment Transactions) to review and process payment documents.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency handling in payment processing.
  Documentation: Refer to SAP documentation for detailed information on payment processing and currency settings.
  
  By following these steps, you should be able to resolve the FKCHK342 error and ensure that your payment documents are processed correctly.