How To Fix K5088 - Only group currency exists, record cannot be posted

SAP Error Message - Details

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 088

• Message text: Only group currency exists, record cannot be posted

What causes this issue?

An attempt was made to reconcile financial accounting with a
reconciliation ledger totals record, for which only the group currency
was specified.
Neither controlling area currency nor company code currency are filled.

System Response

Record &V1&
&V1&
cannot be updated.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K5088 - Only group currency exists, record cannot be posted ?

  The SAP error message K5088 ("Only group currency exists, record cannot be posted") typically occurs in the context of financial postings, particularly in controlling (CO) or financial accounting (FI) modules. This error indicates that the system is unable to post a transaction because it only has the group currency available, and no local currency is defined for the transaction.
  
  Cause:
  
  Currency Configuration: The master data (such as cost centers, internal orders, etc.) may not have a local currency defined, or the local currency is not set up correctly.
  Transaction Currency: The transaction you are trying to post may not have a corresponding local currency defined in the system.
  Missing Currency Type: The system may be configured to require a local currency for postings, and only the group currency is available.
  
  
  Solution:
  
  
  Check Master Data: Verify the master data for the relevant cost objects (e.g., cost centers, internal orders) to ensure that a local currency is defined.