How To Fix FML_CUST001 - Neither ML currency type nor FI currency type

FML_CUST001 - Overview

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 001

• Message text: Neither ML currency type nor FI currency type

What causes this issue?

This currency is not marked as a material ledger currency, and it is not
integrated in the FI component.

System Response

The currency cannot be used as a material ledger currency.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FML_CUST001 - Details

• The SAP error message FML_CUST001 indicates that there is an issue with the currency settings in the system, specifically that neither the Material Ledger (ML) currency type nor the Financial Accounting (FI) currency type is defined for the transaction or document you are trying to process. This can occur in various scenarios, such as during the posting of a financial document or when working with materials in the Material Ledger.
  
  Cause:
  
  Missing Configuration: The error typically arises when the necessary currency types are not configured in the system for the relevant company code or controlling area.
  Incorrect Settings: The settings for the Material Ledger or Financial Accounting may not be correctly defined, leading to a mismatch in currency types.
  Transaction Type: The transaction you are trying to execute may require specific currency types that are not set up in the system.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Currency Configuration:
  
  Go to the transaction