How To Fix FML_CUST041 - Only one currency for group valuation is allowed

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 041

• Message text: Only one currency for group valuation is allowed

What causes this issue?

It is not possible to define more than one currency for currency
conversions in group valuation in the material ledger. Therefore, a
message is displayed when you attempt to configure the material ledger
type in this way. The reason is that the currency and valuation profile
can contain only one currency for group valuation.
If the material ledger type contains two currencies for group valuation
but the currency and valuation profile contains only one currency,
currency conversion effects must be expected for the currency which is
not in the currency and valuation profile. One example is billing where
only the values for the currency type that is set in the currency and
valuation profile are calculated.

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_CUST041 - Only one currency for group valuation is allowed ?

  The SAP error message FML_CUST041 ("Only one currency for group valuation is allowed") typically occurs in the context of financial accounting and group valuation settings in SAP. This error indicates that there is a configuration issue related to the currency settings for group valuation in your SAP system.
  Cause:
  The error arises when the system detects that multiple currencies are being used for group valuation, which is not allowed. Group valuation is typically set up to use a single currency for reporting purposes, and if there are inconsistencies in the currency settings across different entities or configurations, this error will be triggered.
  Solution:
  To resolve the FML_CUST041 error, you can follow these steps:
  
  
  Check Group Currency Settings:
  
  Go to the configuration settings for your company code and check the group currency settings. Ensure that only one currency is defined for group valuation.
  You can check this in the SAP GUI by navigating to:
  
  SPRO ? Financial Accounting ? General Settings ? Currencies ? Define Global Parameters for Company Code.
  
  
  
  
  
  Review Company Code Settings:
  
  Ensure that all company codes involved in the group valuation are set to use the same group currency. If there are discrepancies, you may need to adjust the settings for the affected company codes.
  
  
  
  Check for Multiple Valuation Methods:
  
  If you are using multiple valuation methods (e.g., parallel valuation), ensure that they are configured correctly and that they do not conflict with the group currency settings.
  
  
  
  Consult with Your SAP Basis or Finance Team:
  
  If you are unsure about making changes to the configuration, consult with your SAP Basis team or finance team to ensure that any changes align with your organization's financial reporting requirements.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the error no longer occurs and that financial reports are generated correctly.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You may use transaction codes like OBY6 (to check company code settings) and OB22 (to check currency settings) to navigate through the relevant configurations.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for detailed guidance on configuring currencies and group valuation settings.
  
  
  
  SAP Notes:
  
  Check for any relevant SAP Notes that may address this specific error or provide additional guidance on configuration best practices.
  
  
  
  By following these steps, you should be able to identify and resolve the cause of the FML_CUST041 error in your SAP system.