How To Fix FOT_TXA047 - Currency &1 of Company &2 does not match Country Currency &3.

SAP Error Message - Details

• Message type: E = Error

• Message class: FOT_TXA - Tax abroad messages

• Message number: 047

• Message text: Currency &1 of Company &2 does not match Country Currency &3.

What causes this issue?

The currency of the company does not match the currency of the company
code country

System Response

RITA cannot be activated for the company

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 FOT_TXA047 - Currency &1 of Company &2 does not match Country Currency &3. ?

  The SAP error message FOT_TXA047 indicates a mismatch between the currency defined for a specific company code and the country currency associated with that company code. This error typically arises during transactions that involve currency conversion or when trying to post documents in a company code that has a different currency than what is expected based on the country settings.
  Cause:
  
  Currency Configuration: The company code is set up with a currency that does not match the currency defined for the country in which the company code is located.
  Master Data Issues: The master data for the company code or the relevant transaction may have incorrect currency settings.
  Transaction Settings: The transaction being processed may require a specific currency that is not aligned with the company code's currency.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> General Settings -> Define Company Code) and verify the currency settings for the company code. Ensure that the currency matches the country currency.
  
  
  
  Review Country Currency:
  
  Check the country settings in the configuration. You can do this by navigating to SPRO -> Financial Accounting -> General Settings -> Define Currencies. Ensure that the country currency is correctly defined.
  
  
  
  Adjust Master Data:
  
  If the company code is set up correctly, check the master data (e.g., vendor, customer) to ensure that the currency is consistent with the company code's currency.
  
  
  
  Transaction Currency:
  
  If the transaction requires a specific currency, ensure that the currency used in the transaction is valid for the company code. You may need to adjust the transaction or use a different company code that matches the currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for any specific configurations or settings that may need to be adjusted.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  OBY6: Define Company Code
  OB22: Define Currencies
  SPRO: Access to the SAP Implementation Guide (IMG)
  
  
  
  Currency Types: 
  
  Local currency (company code currency)
  Group currency
  Hard currency (if applicable)
  
  
  
  SAP Notes: 
  
  Check SAP Notes for any known issues or patches related to currency configuration.
  
  
  
  Testing: 
  
  After making changes, perform a test transaction to ensure that the error is resolved.
  
  
  
  By following these steps, you should be able to identify and resolve the cause of the FOT_TXA047 error in SAP.