How To Fix FMFEES055 - Fee type &1: Specify the currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FMFEES - Fees

• Message number: 055

• Message text: Fee type &1: Specify the currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMFEES055 - Fee type &1: Specify the currency ?

  The SAP error message FMFEES055 indicates that a fee type requires a currency to be specified, but it has not been provided. This error typically occurs in the context of financial management, particularly when dealing with fee types in the Funds Management (FM) module.
  Cause:
  The error is triggered when:
  
  A fee type is being processed (e.g., during the creation or modification of a fee) but the currency field is left blank.
  The system requires a currency to correctly calculate and manage the financial transactions associated with that fee type.
  
  Solution:
  To resolve the FMFEES055 error, you should take the following steps:
  
  
  Check Fee Type Configuration:
  
  Navigate to the configuration settings for the fee type in question.
  Ensure that the currency field is properly defined and not left blank.
  
  
  
  Specify Currency:
  
  When creating or modifying the fee type, make sure to specify the currency in the relevant field.
  If you are using a transaction code to create or modify the fee type, ensure that you fill in all mandatory fields, including the currency.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the data being entered to ensure that all required fields, including currency, are filled out correctly.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the fee type you are working with, as there may be additional requirements or configurations needed.
  
  
  
  Check User Authorizations:
  
  Ensure that you have the necessary authorizations to modify fee types and their associated currencies.
  
  
  
  Contact Support:
  
  If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes related to fee management in SAP, such as FMFEES (for fee types).
  SAP Notes: Check for any SAP Notes related to FMFEES055 for additional insights or patches that may address the issue.
  Training and Documentation: Consider training sessions or documentation on Funds Management and fee processing in SAP to better understand the system's requirements.
  
  By following these steps, you should be able to resolve the FMFEES055 error and ensure that the necessary currency is specified for the fee type in question.