How To Fix FTVV_MESSAGES334 - Local currency is identical to currency of payment amount

SAP Error Message - Details

• Message type: E = Error

• Message class: FTVV_MESSAGES - Reporting Financial Assets Management

• Message number: 334

• Message text: Local currency is identical to currency of payment amount

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FTVV_MESSAGES334 - Local currency is identical to currency of payment amount ?

  The SAP error message FTVV_MESSAGES334 indicates that there is an issue with the currency settings in a financial transaction. Specifically, it states that the local currency is identical to the currency of the payment amount, which is not allowed in certain contexts within SAP.
  Cause:
  This error typically arises in the following scenarios:
  
  Currency Configuration: The local currency of the company code is set to be the same as the currency of the payment amount, which can lead to confusion in financial reporting and processing.
  Transaction Settings: The transaction you are trying to execute may require a different currency for the payment amount than the local currency.
  Data Entry Error: There may be an error in how the payment amount was entered, leading to the same currency being used.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Currency Settings:
  
  Go to the company code settings in SAP and verify the local currency configuration.
  Ensure that the local currency is set correctly and is not the same as the payment currency.
  
  
  
  Review Transaction Details:
  
  Check the transaction you are trying to process. Ensure that the payment amount is entered in the correct currency.
  If the payment is meant to be in a different currency, adjust the payment amount accordingly.
  
  
  
  Adjust Payment Method:
  
  If applicable, review the payment method settings to ensure that they allow for the use of different currencies.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidelines on handling currency settings and transactions.
  
  
  
  Contact Support:
  
  If the issue persists, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OBY6 (to check company code settings) or FBZP (to check payment methods) to review and adjust settings.
  Currency Types: Familiarize yourself with the different currency types in SAP, such as local currency, document currency, and group currency.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.