How To Fix IBRO062 - Control currency does not match actual currency

SAP Error Message - Details

• Message type: E = Error

• Message class: IBRO - Broker Collections Message Class

• Message number: 062

• Message text: Control currency does not match actual currency

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IBRO062 - Control currency does not match actual currency ?

  The SAP error message IBRO062 indicates that there is a mismatch between the control currency and the actual currency in a transaction or configuration. This error typically occurs in the context of financial transactions, particularly when dealing with currency conversions or when posting transactions that involve different currencies.
  Cause:
  
  Currency Configuration: The control currency (usually the company code currency) does not match the currency of the transaction being processed. This can happen if the transaction is being posted in a currency that is not set up correctly in the system.
  Master Data Issues: The master data for the relevant financial objects (like cost centers, internal orders, etc.) may not have the correct currency settings.
  Transaction Currency: The currency used in the transaction may not be compatible with the control currency defined in the system settings.
  Currency Type: The currency type used in the transaction may not match the expected currency type for the control currency.
  
  Solution:
  
  
  Check Configuration: Verify the currency settings in the configuration for the company code. Ensure that the control currency is set correctly and that it matches the currency used in the transaction.
  
  Navigate to SPRO ? Financial Accounting ? General Settings ? Currencies to check the settings.
  
  
  
  Review Master Data: Check the master data for the relevant financial objects to ensure that they are set up with the correct currency.
  
  For example, check the settings for cost centers, internal orders, or any other relevant objects.
  
  
  
  Transaction Currency: Ensure that the transaction is being posted in the correct currency. If necessary, convert the transaction to the control currency before posting.
  
  
  Currency Type: Make sure that the currency type used in the transaction matches the expected currency type for the control currency.
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or reach out to your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (to maintain exchange rates) or OKB9 (to check currency settings for controlling objects).
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  Testing: After making changes, perform a test transaction to ensure that the issue is resolved.
  
  By following these steps, you should be able to identify and resolve the cause of the IBRO062 error in SAP.