How To Fix KT264 - Inconsistency between currency type & and company code

SAP Error Message - Details

• Message type: E = Error

• Message class: KT - RK Message Table Maintenance

• Message number: 264

• Message text: Inconsistency between currency type & and company code

What causes this issue?

Currency type &V1& does not match the existing company code assignment.
The SAP System cannot determine the currency.

How can this happen?

You want to use currency type "40" (hard currency). To do so, all
relevant company codes must be in the same countries, or all the
countries must use the same hard currency. The SAP System determines
the currency from the company codes. This is only possible if the
company codes belong in one country and one hard currency is assigned
to the country. This message is shown when:
the company code - country assignment is missing
the hard currency - country assignment is missing
the company codes are assigned to a different hard currency
The connections are described below:
&NOTE&
INCLUDE 'RKS_0016' OBJECT DOKU ID TX

System Response

&V2&

How to fix this error?

Use another currency type, or make appropriate changes so that the SAP
System accepts currency type &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KT264 - Inconsistency between currency type & and company code ?

  The SAP error message KT264 indicates an inconsistency between the currency type and the company code in the context of controlling (CO) or financial accounting (FI) transactions. This error typically arises when there is a mismatch in the currency settings for a specific company code and the currency type being used in a transaction.
  Cause:
  
  Currency Type Mismatch: The currency type defined in the transaction does not match the currency settings for the company code. For example, if the company code is set to use a specific currency type (like local currency or group currency), and the transaction is trying to use a different currency type, this error will occur.
  Configuration Issues: There may be issues in the configuration of the company code or the controlling area, where the currency types are not properly aligned.
  Master Data Issues: The master data for the company code or the controlling area may not be set up correctly, leading to inconsistencies.
  
  Solution:
  
  
  Check Company Code Settings: Verify the currency settings for the company code in the configuration. Ensure that the currency type being used in the transaction is valid for that company code.
  
  Navigate to SPRO ? Enterprise Structure ? Definition ? Financial Accounting ? Define Company Code and check the currency settings.
  
  
  
  Review Transaction Currency: Ensure that the currency type used in the transaction matches the expected currency type for the company code. If necessary, adjust the transaction to use the correct currency type.
  
  
  Check Controlling Area Settings: If the error is related to controlling, check the settings for the controlling area to ensure that the currency types are correctly defined and consistent with the company code.
  
  Navigate to SPRO ? Controlling ? General Controlling ? Master Data ? Define Controlling Area.
  
  
  
  Master Data Review: Review the master data for any inconsistencies. This includes checking the settings for cost centers, internal orders, and other relevant objects to ensure they are aligned with the company code's currency settings.
  
  
  Consult Documentation: If the issue persists, consult SAP documentation or support for further guidance, as there may be specific nuances based on the version of SAP you are using.
  
  
  Related Information:
  
  Currency Types: In SAP, currency types are defined to differentiate between local currency, group currency, and transaction currency. Understanding these types is crucial for resolving currency-related issues.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for defining currency types) and OX15 (for defining company codes) to facilitate troubleshooting.
  SAP Notes: Check for any SAP Notes related to error KT264, as there may be patches or updates that address known issues.
  
  By following these steps, you should be able to identify and resolve the inconsistency causing the KT264 error in SAP.