How To Fix FR380 - 'Post in foreign curr.' and 'Foreign curr.valuation' not possible

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 380

• Message text: 'Post in foreign curr.' and 'Foreign curr.valuation' not possible

What causes this issue?

You selected 'post in foreign currency ' and foreign currency
valuation.
This is not allowed.

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?

Decide on one of the two procedures. For more information, please
refer to the documentation of the two report parameters.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FR380 - 'Post in foreign curr.' and 'Foreign curr.valuation' not possible ?

  The SAP error message FR380 typically indicates that there is an issue with posting in foreign currency or performing foreign currency valuation. This error can arise in various scenarios, such as during the posting of financial documents, running foreign currency valuations, or executing related transactions.
  Causes of Error FR380
  
  
  Currency Settings: The currency settings in the company code or the document may not be configured correctly. This includes the currency type, exchange rate type, or the currency itself.
  
  
  Missing Exchange Rates: The required exchange rates for the currencies involved may not be maintained in the system. This can prevent the system from converting amounts correctly.
  
  
  Document Type Restrictions: Certain document types may have restrictions on foreign currency postings. Ensure that the document type you are using allows for foreign currency transactions.
  
  
  Account Settings: The accounts involved in the transaction may not be set up to handle foreign currency. For example, some accounts may be configured to only accept local currency postings.
  
  
  Valuation Area Configuration: If you are trying to perform a foreign currency valuation, the valuation area may not be set up correctly, or the necessary parameters may not be defined.
  
  
  Solutions to Error FR380
  
  
  Check Currency Configuration:
  
  Verify that the company code and the relevant accounts are set up to allow foreign currency transactions.
  Ensure that the currency type is correctly defined in the document.
  
  
  
  Maintain Exchange Rates:
  
  Go to the transaction code OB08 to maintain exchange rates. Ensure that the required exchange rates for the currencies involved are present and valid for the posting date.
  
  
  
  Review Document Type:
  
  Check the configuration of the document type being used. Ensure that it allows for foreign currency postings.
  
  
  
  Account Configuration:
  
  Review the account settings in the chart of accounts to ensure that the accounts involved can handle foreign currency transactions.
  
  
  
  Valuation Area Settings:
  
  If performing a foreign currency valuation, check the valuation area settings in the configuration (transaction code OB07) to ensure they are correctly defined.
  
  
  
  Check for Open Items:
  
  If the error occurs during a valuation run, ensure that there are no open items that could be causing the issue.
  
  
  
  Related Information
  
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OB07: Configure Foreign Currency Valuation
  FB50: General Ledger Account Posting
  FBL1N: Vendor Line Item Display
  FBL3N: G/L Account Line Item Display
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message. You can search for relevant notes in the SAP Support Portal.
  
  
  Documentation: Refer to SAP documentation for detailed information on foreign currency accounting and valuation processes.
  
  
  If the issue persists after checking the above points, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting.