How To Fix K5610 - The first local currency from FI documents always applies to legal val.

SAP Error Message - Details

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 610

• Message text: The first local currency from FI documents always applies to legal val.

What causes this issue?

You have started the report in the evaluation of actual costs &V1&.
All amounts of the created list are amounts in this evaluation of
actual costs.
The amounts for reconciliation postings displayed in the detail list
therefore have currency type &V2&.
You can display FI documents created during reconciliation postings by
clicking on the FI document number in the detail list.
Concerning the amounts displayed in these FI documents, consider the
following:
In the FI document display, amounts are by default displayed in the
first local currency.
The first local currency of the FI document always has currency type 10
(local currency in legal valuation). The amounts displayed in FI
document display can therefore differ from the amounts displayed in the
list.

System Response

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

How to fix this error?

If the amounts displayed in FI document display differ from the amounts
displayed in the list, press the "Display currency" button in FI
document display.
In the dialog box that appears, check whether a further local currency
is available in the evaluation of actual costs &V1&.
If such an evaluation of actual costs exists, select it.
If no such evaluation of actual costs exists in the FI document, this
means that currency type &V2& is not managed in FI in the company code
in question as second or third local currency.
Note:
You can define the currency types of the second and third local
currency of a company code in Customizing of the "SAP Reference IMG"
under "Financial Accounting -> Financial Accounting Global Settings ->
Company Code -> Parallel Currencies -> Define additional local
currencies": Select the company code and choose "Goto -> Details" from
the menu.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K5610 - The first local currency from FI documents always applies to legal val. ?

  The SAP error message K5610, which states "The first local currency from FI documents always applies to legal valuation," typically occurs in the context of financial accounting and controlling (FI/CO) when there is an inconsistency or issue with the currency settings in your SAP system.
  Cause:
  
  
  Currency Configuration: The error often arises when there is a mismatch between the currency settings in the Financial Accounting (FI) documents and the settings in the Controlling (CO) module. Specifically, it indicates that the system expects the first local currency from FI documents to be used for legal valuation, but it is not set up correctly.
  
  
  Missing or Incorrect Currency Settings: If the controlling area or company code does not have the correct currency settings, or if the first local currency is not defined properly, this error can occur.
  
  
  Data Inconsistencies: There may be inconsistencies in the data between FI and CO, such as missing entries or incorrect mappings.
  
  
  Solution:
  
  
  Check Currency Settings:
  
  Go to the configuration settings for your controlling area and company code.
  Ensure that the first local currency is correctly defined in the FI settings. This can be done in the transaction code OB22 for company code settings.
  
  
  
  Review Document Settings:
  
  Check the FI documents to ensure that they have the correct currency settings. You can use transaction codes like FB03 to display documents and verify their currency.
  
  
  
  Consistency Check:
  
  Run consistency checks between FI and CO to identify any discrepancies. You can use transaction codes like CKMLCP for material ledger or KAH3 for cost center accounting to check for inconsistencies.
  
  
  
  Adjust Valuation Settings:
  
  If necessary, adjust the valuation settings in the CO module to ensure they align with the FI settings. This may involve changing the valuation method or currency settings.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help notes related to currency settings and legal valuation to ensure compliance with best practices.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above settings, consider reaching out to SAP support for further assistance. They may provide specific notes or patches that address the issue.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (Company Code Global Parameters), FB03 (Display Document), and CKMLCP (Material Ledger Closing).
  SAP Notes: Search for SAP Notes related to error K5610 in the SAP Support Portal for any specific fixes or recommendations.
  Training and Documentation: Ensure that users involved in financial and controlling processes are trained on currency settings and the implications of legal valuation.
  
  By following these steps, you should be able to resolve the K5610 error and ensure that your currency settings are correctly aligned between the FI and CO modules.