How To Fix KM3008 - Currency &1 does not correspond to currency &3 of company code &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KM3 -

• Message number: 008

• Message text: Currency &1 does not correspond to currency &3 of company code &2

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 KM3008 - Currency &1 does not correspond to currency &3 of company code &2 ?

  The SAP error message KM3008 indicates a currency mismatch in a financial transaction. Specifically, it means that the currency specified in the transaction does not match the currency defined for the company code in the system. Here’s a breakdown of the components of the error message:
  
  &1: The currency that is being used in the transaction.
  &2: The company code that is being referenced.
  &3: The currency that is defined for the company code.
  
  Cause
  The error typically occurs due to one of the following reasons:
  
  Incorrect Currency Assignment: The transaction is being processed in a currency that is not assigned to the company code.
  Configuration Issues: The company code may be configured to use a different currency than what is being used in the transaction.
  Master Data Issues: The master data (such as vendor or customer records) may have been set up with a different currency than expected.
  Transaction Type: The type of transaction being processed may not support the currency being used.
  
  Solution
  To resolve the KM3008 error, you can take the following steps:
  
  
  Check Company Code Configuration:
  
  Go to the configuration settings for the company code in SAP (Transaction Code: OBY6).
  Verify the currency assigned to the company code and ensure it matches the currency being used in the transaction.
  
  
  
  Review Transaction Currency:
  
  Check the transaction you are trying to process and confirm the currency being used.
  If the transaction is in a different currency, consider converting it to the currency of the company code.
  
  
  
  Update Master Data:
  
  If the error is related to a vendor or customer, check their master data (Transaction Code: XK03 for vendors, XD03 for customers).
  Ensure that the currency assigned to the vendor or customer matches the currency of the company code.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct currency to use, consult with your finance or accounting team to ensure compliance with company policies.
  
  
  
  Transaction Type Validation:
  
  Ensure that the transaction type you are using supports the currency in question. Some transaction types may have restrictions on currency usage.
  
  
  
  Related Information
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Company Code Global Settings), XK03 (Display Vendor), and XD03 (Display Customer).
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your version of SAP.
  Documentation: Review SAP documentation for currency settings and financial transaction processing to ensure proper configuration.
  
  By following these steps, you should be able to identify and resolve the cause of the KM3008 error in SAP.