How To Fix FV080 - Other foreign curr.not possible since account curr.is not local curr.

SAP Error Message - Details

• Message type: E = Error

• Message class: FV - Electronic Banking Messages

• Message number: 080

• Message text: Other foreign curr.not possible since account curr.is not local curr.

What causes this issue?

Foreign currency amounts can only be assigned to an account if the
account currency $V1& is the same as the local currency $V2& of the
company code &V3&. The simultaneous account assignment to three
different currencies is not supported.

How to fix this error?

Cancel the entry of the foreign currency amount.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FV080 - Other foreign curr.not possible since account curr.is not local curr. ?

  The SAP error message FV080, which states "Other foreign curr. not possible since account curr. is not local curr.," typically occurs in the context of financial transactions involving foreign currencies. This error indicates that the system is unable to process a transaction in a foreign currency because the account currency is not set as the local currency.
  Cause:
  
  Account Currency Settings: The account in question is set to a currency that is not the local currency of the company code. This can happen if the account is defined in a currency that is different from the local currency of the company code.
  Transaction Currency: The transaction you are trying to process is in a foreign currency that does not match the account's currency settings.
  Configuration Issues: There may be configuration issues in the financial settings of the company code or the account itself.
  
  Solution:
  
  
  Check Account Currency:
  
  Go to the account master data (transaction code FS00) and check the currency settings for the account in question. Ensure that the account is set up with the correct currency.
  
  
  
  Review Company Code Settings:
  
  Verify the local currency settings for the company code (transaction code OX15). Ensure that the local currency is correctly defined and that the account currency aligns with it.
  
  
  
  Adjust Transaction Currency:
  
  If the transaction is being entered in a foreign currency, ensure that the account can handle transactions in that currency. You may need to change the transaction to use the local currency or a currency that the account supports.
  
  
  
  Consult Configuration:
  
  If you have access to configuration settings, check the settings related to currency types and account settings in the Financial Accounting (FI) module. Ensure that the configuration allows for transactions in foreign currencies for the specified account.
  
  
  
  Use Alternative Accounts:
  
  If the account cannot be changed or if it is not appropriate for foreign currency transactions, consider using an alternative account that is set up to handle foreign currency transactions.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  FS00: Display/Change G/L Account Master Data
  OX15: Define Company Code
  
  
  Documentation: Refer to SAP Help documentation for detailed information on currency settings and account configurations.
  Support: If the issue persists, consider reaching out to your SAP support team or consulting with an SAP FI expert for further assistance.
  
  By following these steps, you should be able to resolve the FV080 error and successfully process your financial transactions.