How To Fix FML_CUST006 - ML and FI currency type, but FI currency type wrong FY variant for ML

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 006

• Message text: ML and FI currency type, but FI currency type wrong FY variant for ML

What causes this issue?

This currency is marked as a material ledger currency. It is contained
in FI but is not allowed in ML because it 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.

System Response

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

How to fix this error?

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_CUST006 - ML and FI currency type, but FI currency type wrong FY variant for ML ?

  The SAP error message FML_CUST006 typically indicates an issue related to the configuration of currency types in the context of the Material Ledger (ML) and Financial Accounting (FI). This error arises when there is a mismatch between the currency types defined for the Material Ledger and those defined for Financial Accounting, particularly in relation to the fiscal year variant.
  Cause:
  
  Mismatch in Currency Types: The error suggests that the currency type used in the Material Ledger does not align with the currency type defined in the Financial Accounting settings for the specified fiscal year variant.
  Fiscal Year Variant Configuration: The fiscal year variant for the Material Ledger may not be correctly set up or may differ from the one used in Financial Accounting.
  Configuration Errors: There may be inconsistencies in the configuration settings for currency types in the SAP system.
  
  Solution:
  To resolve the FML_CUST006 error, follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the configuration settings for the Material Ledger and Financial Accounting.
  Ensure that the currency types (e.g., local currency, transaction currency) are correctly defined and match between ML and FI.
  
  
  
  Verify Fiscal Year Variant:
  
  Check the fiscal year variant settings for both the Material Ledger and Financial Accounting.
  Ensure that the fiscal year variant assigned to the Material Ledger is the same as that used in Financial Accounting.
  
  
  
  Adjust Settings:
  
  If discrepancies are found, adjust the settings in the configuration to ensure consistency.
  You can access the configuration through the following paths:
  
  For Material Ledger: SPRO > Financial Accounting > Material Ledger > Define Settings for Material Ledger
  For Financial Accounting: SPRO > Financial Accounting > Financial Accounting Global Settings > Fiscal Year Change
  
  
  
  
  
  Testing:
  
  After making the necessary adjustments, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to the specific error message for additional guidance and troubleshooting steps.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB29 (for fiscal year variant) and OMX1 (for currency types) to access the relevant configuration settings.
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to this error.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.