How To Fix KB198 - The object curcy cannot be used as the reporting crcy for budget reports

SAP Error Message - Details

• Message type: E = Error

• Message class: KB - Controlling: Reporting

• Message number: 198

• Message text: The object curcy cannot be used as the reporting crcy for budget reports

What causes this issue?

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

System Response

The system uses the controlling area currency instead of the object
currency

How to fix this error?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KB198 - The object curcy cannot be used as the reporting crcy for budget reports ?

  The SAP error message KB198, which states "The object currency cannot be used as the reporting currency for budget reports," typically arises in the context of budget reporting in SAP, particularly when dealing with different currencies in financial reporting.
  Cause:
  This error usually occurs due to one of the following reasons:
  
  
  Currency Configuration: The object currency (the currency in which the budget is defined) is not compatible with the reporting currency settings in the system. This can happen if the object currency is not set up as a valid reporting currency in the configuration.
  
  
  Master Data Issues: The master data for the cost center, internal order, or other objects may not have the correct currency settings.
  
  
  Currency Type Mismatch: There may be a mismatch between the currency types defined in the budget and the reporting currency settings in the system.
  
  
  Missing Exchange Rates: If the reporting currency is different from the object currency, and there are no exchange rates defined for the conversion, this error can occur.
  
  
  Solution:
  To resolve the KB198 error, you can take the following steps:
  
  
  Check Currency Configuration:
  
  Go to the configuration settings in SAP (transaction code SPRO).
  Navigate to the relevant section for controlling or financial accounting and check the settings for currencies.
  Ensure that the object currency is included in the list of valid reporting currencies.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant cost centers, internal orders, or other objects to ensure that the currency settings are correct.
  Make sure that the object currency is correctly defined and that it matches the expected reporting currency.
  
  
  
  Verify Currency Types:
  
  Ensure that the currency types used in the budget and reporting are compatible. You may need to adjust the settings to ensure that the object currency can be used for reporting.
  
  
  
  Define Exchange Rates:
  
  If the reporting currency is different from the object currency, ensure that the necessary exchange rates are defined in the system.
  You can do this using transaction code OB08 to maintain exchange rates.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific notes or guidelines related to currency settings in budget reporting.
  
  
  
  Testing:
  
  After making the necessary changes, test the budget report again to see if the error persists.
  
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions for this specific error.
  Transaction Codes: Familiarize yourself with transaction codes like SPRO (for configuration), OB08 (for exchange rates), and others relevant to budget reporting.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to currency settings and master data.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial reporting and controlling.