How To Fix FML_PRICE_MANAGER007 - Currency Type &1 for Company Code &2 in Ledger &3 wrong configured

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_PRICE_MANAGER - Price Manager related Messages

• Message number: 007

• Message text: Currency Type &1 for Company Code &2 in Ledger &3 wrong configured

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FML_PRICE_MANAGER007 - Currency Type &1 for Company Code &2 in Ledger &3 wrong configured ?

  The SAP error message FML_PRICE_MANAGER007 indicates that there is a configuration issue related to currency types for a specific company code in a ledger. This error typically arises in the context of financial transactions or when working with the Financial Management (FM) module in SAP.
  Cause:
  The error message is triggered when the system detects that the currency type specified (denoted by &1) for the given company code (denoted by &2) in the specified ledger (denoted by &3) is not configured correctly. This could be due to several reasons, including:
  
  Missing Configuration: The currency type may not be defined for the specified company code and ledger.
  Incorrect Mapping: The currency type may be incorrectly mapped or not aligned with the expected settings in the system.
  Inconsistent Settings: There may be inconsistencies in the configuration settings across different ledgers or company codes.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the configuration settings in SAP for the Financial Management module.
  Navigate to the section where currency types are defined (usually under Financial Accounting or Financial Management).
  Verify that the currency type specified in the error message is correctly configured for the company code and ledger in question.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is properly set up to use the specified currency type.
  Check if the currency type is assigned to the correct ledger.
  
  
  
  Adjust Ledger Settings:
  
  If the ledger is not configured to use the specified currency type, you may need to adjust the ledger settings to include it.
  Ensure that all relevant ledgers are consistent in their currency type configurations.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring currency types and ledgers.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Seek Help from SAP Support:
  
  If the issue persists after checking the configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (for defining currency types) or OBY6 (for company code settings) to access the relevant configuration areas.
  Documentation: SAP Help Portal and SAP Notes can provide additional insights and troubleshooting steps related to currency configuration issues.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to identify and resolve the configuration issue causing the FML_PRICE_MANAGER007 error.