How To Fix FML_CUST005 - Not an ML currency type. Is FI currency type but wrong FY variant for ML

FML_CUST005 - Overview

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 005

• Message text: Not an ML currency type. Is FI currency type but wrong FY variant for ML

What causes this issue?

This currency is not marked as a material ledger currency. It is
contained in FI but is not allowed in ML because this currency is not
used in a ledger with the same fiscal year variant as the company code
(T001-PERIV).

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.

Smart SAP Assistant

• What is the cause and solution for SAP error message FML_CUST005 - Not an ML currency type. Is FI currency type but wrong FY variant for ML ?

  The SAP error message FML_CUST005 indicates that there is an issue with the currency type configuration in the context of the Multi-Level (ML) functionality in Financial Accounting (FI). This error typically arises when the system expects a specific currency type for a particular fiscal year variant, but the configuration does not match.
  
  Cause:
  
  
  Currency Type Mismatch: The error suggests that the currency type being used is not compatible with the fiscal year variant defined for the Multi-Level (ML) functionality. This can happen if:
  
  The currency type is set to a FI currency type, but the fiscal year variant does not support it for ML.
  The configuration for the currency types in the controlling area or company code is not aligned with the fiscal year variant settings.
  
  
  
  Fiscal Year Variant Configuration: The fiscal year variant may not be correctly set up to handle the currency types that are being used in the transaction or report.
  
  
  
  Solution:
  
  
  Check Currency