How To Fix FML_CUST040 - Only one currency for profit center valuation is allowed

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 040

• Message text: Only one currency for profit center valuation is allowed

What causes this issue?

The material ledger type can be defined with up to three currencies and
valuations.
For profit center valuation, however, only one currency can be defined.
Two currencies at once is not allowed since the currency and valuation
profile can contain only one currency per valuation.

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

System Response

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_CUST040 - Only one currency for profit center valuation is allowed ?

  The SAP error message FML_CUST040 indicates that there is an issue with the configuration of profit center valuation in the system. Specifically, it means that the system has detected multiple currencies assigned to a profit center, which is not allowed. Profit centers can only be valued in a single currency.
  Cause:
  
  
  Multiple Currencies Assigned: The primary cause of this error is that the profit center is configured with more than one currency in the system. This can happen if:
  
  The profit center is linked to multiple company codes that use different currencies.
  There are inconsistencies in the currency settings in the controlling area or profit center master data.
  
  
  
  Configuration Issues: There may be issues in the configuration settings for the controlling area or profit center that allow for multiple currencies.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Profit Center Configuration:
  
  Go to the transaction code KE52 (Change Profit Center) and check the currency settings for the profit center in question.
  Ensure that the profit center is assigned a single currency.
  
  
  
  Review Controlling Area Settings:
  
  Use transaction code OKKP to check the settings of the controlling area.
  Ensure that the controlling area is set up with a single currency.
  
  
  
  Check Company Code Settings:
  
  Verify the currency settings for the company codes associated with the profit center. Use transaction code OBY6 to check the currency settings for each company code.
  
  
  
  Adjust Master Data:
  
  If you find that the profit center is incorrectly configured with multiple currencies, you may need to adjust the master data to ensure that only one currency is assigned.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or FI/CO consultant for specific guidance on how to correct the configuration.
  
  
  
  Testing:
  
  After making the necessary changes, test the configuration by attempting to post a transaction that previously triggered the error to ensure that it has been resolved.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  KE52: Change Profit Center
  OKKP: Controlling Area Settings
  OBY6: Company Code Settings
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  
  
  Documentation: Refer to the SAP Help Portal for detailed information on profit center accounting and currency settings.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the FML_CUST040 error message in SAP.