How To Fix FX088 - Currency of receiving company code & is different

SAP Error Message - Details

• Message type: E = Error

• Message class: FX - Distributed FI Application Messages

• Message number: 088

• Message text: Currency of receiving company code & is different

What causes this issue?

The receiving company code &V1& has a different currency configuration
in the local system than in the sender system.

System Response

The file cannot be imported.

How to fix this error?

Contact your system administrator.
Procedure for the System Administrator
Compare the currency configuration of the company code &V1& in this
system with the sender system. The following comparison shows the
differences:
System LC LC2 CT2 LC3 CT3
--------------------------
Sender &V3&
Receiver &V2&
(meaning: LC local currency, LC2 local currency 2, LC3 local currency
3, CT2 currency type 2, CT3 currency type 3).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FX088 - Currency of receiving company code & is different ?

  The SAP error message FX088 indicates that there is a mismatch between the currency of the receiving company code and the currency of the transaction being processed. This typically occurs in scenarios involving intercompany transactions, where different company codes are involved, and they may use different currencies.
  Cause:
  
  Currency Mismatch: The primary cause of this error is that the currency of the receiving company code does not match the currency of the document being processed (e.g., invoice, payment).
  Configuration Issues: There may be configuration issues in the company code settings, such as incorrect currency settings or missing currency conversion settings.
  Transaction Type: The type of transaction being processed may not support currency conversion or may require specific currency settings.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 to check the currency settings for the company codes involved. Ensure that the currency settings are correctly configured.
  Verify that the receiving company code is set up with the correct currency.
  
  
  
  Adjust Document Currency:
  
  If possible, adjust the currency of the document being processed to match the currency of the receiving company code.
  This may involve changing the currency in the transaction or using a different document type that supports the currency conversion.
  
  
  
  Currency Conversion:
  
  If the transaction requires currency conversion, ensure that the necessary exchange rates are maintained in the system. You can check this in transaction code OB08 to maintain exchange rates.
  
  
  
  Intercompany Settings:
  
  If this is an intercompany transaction, ensure that the intercompany settings are correctly configured. This includes checking the intercompany pricing and currency settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configurations related to your business processes.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Company Code Global Settings
  OB08: Maintain Exchange Rates
  FB50: General Ledger Document Entry (to check the document)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  
  
  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 the cause of the FX088 error and implement a solution to resolve it. If the issue persists, it may be beneficial to engage with your SAP support team for further assistance.