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