How To Fix FKKPREP086 - &1 is not permitted as an alternative currency in company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: FKKPREP - Prepaid Functions

• Message number: 086

• Message text: &1 is not permitted as an alternative currency in company code &2

What causes this issue?

During a currency changeover, prepaid accounts can temporarily be posted
in two currencies. They are the currency to be replaced, and the
replacement currency. Currently, the currency &V3& is entered in the
prepaid account. You can always post in this currency. To permit posting
in a different currency, you must make an entry to that effect in
Customizing.

System Response

Error message, because currency &V1& is not entered as an alternative
currency for &V3& in company code &V2&.

How to fix this error?

If the transaction to be posted in currency &V1& is correct for the
situation, you have to add an entry in Customizing.

Procedure for System Administrators

In table TFKPPCNV, add or correct the entry for company code &V2&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FKKPREP086 - &1 is not permitted as an alternative currency in company code &2 ?

  The SAP error message FKKPREP086 indicates that a specific currency is not permitted as an alternative currency in the specified company code. This error typically arises in the context of financial transactions, particularly in the area of contract accounts receivable and payable (FI-CA).
  Cause:
  The error occurs when:
  
  A transaction is attempted that involves an alternative currency that has not been configured for the specified company code.
  The currency settings in the company code do not allow for the use of the specified alternative currency.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify the currency settings for the company code in question. Ensure that the alternative currency you are trying to use is listed and permitted.
  
  
  
  Configure Alternative Currencies:
  
  If the alternative currency is not configured, you will need to add it. This can typically be done in the configuration settings for the company code.
  Navigate to SPRO (SAP Reference IMG) > Financial Accounting > Financial Accounting Global Settings > Company Code > Define Company Code.
  Here, you can set up the currencies for the company code, including the alternative currency.
  
  
  
  Check Master Data:
  
  Ensure that the master data (e.g., customer or vendor records) is correctly set up to allow for transactions in the alternative currency.
  
  
  
  Review Transaction Settings:
  
  If the error occurs during a specific transaction, review the transaction settings to ensure that they are compatible with the currencies configured for the company code.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration steps, refer to SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for company code settings and SPRO for configuration.
  Currency Types: Understand the different types of currencies in SAP (e.g., local currency, group currency, and transaction currency) and how they relate to your company code.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues or provide additional guidance related to currency configuration and error messages.
  
  By following these steps, you should be able to resolve the FKKPREP086 error and ensure that the alternative currency is properly configured for the company code in question.