How To Fix MQ426 - Confirm that euro Customizing was determined correctly

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 426

• Message text: Confirm that euro Customizing was determined correctly

What causes this issue?

The following should be read from your Customizing:
Currency key which you use for the euro
Exchange rate type which you use to represent the specific translation
rules between the currencies participating in EMU
Beginning of the euro's validity as you have maintained it

System Response

RESET N1
The following were determined using your settings:
Currency key: &v1&
Exchange rate type: &v2&
Euro is valid from: &v3&

How to fix this error?

If you use these values to represent the euro currency and the
respective translation rules in your system, you should confirm this.
Then these values are stored in a separate table and used for all local
currency changeovers and for pricing in MM and SD.
If you do not want to use the values in this way, cancel the screen and
make the Customizing settings for the euro in your system.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ426 - Confirm that euro Customizing was determined correctly ?

  The SAP error message MQ426, "Confirm that euro Customizing was determined correctly," typically occurs in the context of currency settings and configurations in SAP, particularly when dealing with Euro currency transactions. This error can arise in various scenarios, such as during the processing of invoices, payments, or other financial transactions.
  Cause:
  The error usually indicates that there is an issue with the configuration of Euro currency settings in the SAP system. Possible causes include:
  
  
  Incorrect Currency Configuration: The Euro currency may not be properly configured in the system, or the settings may not align with the requirements of the transaction being processed.
  
  
  Missing or Incorrect Exchange Rates: The exchange rates for Euro may not be maintained correctly in the system, leading to discrepancies.
  
  
  Inconsistent Customizing Settings: The customizing settings for Euro may not be consistent across different modules (e.g., FI, CO, MM).
  
  
  Transaction Type Issues: The specific transaction type being processed may not support Euro currency or may require additional settings.
  
  
  Solution:
  To resolve the MQ426 error, you can follow these steps:
  
  
  Check Euro Customizing Settings:
  
  Navigate to the SAP Customizing Implementation Guide (IMG) and check the settings for Euro currency under the relevant modules (e.g., Financial Accounting, Controlling).
  Ensure that the Euro is defined as a currency in the system and that all necessary settings are correctly configured.
  
  
  
  Verify Exchange Rates:
  
  Go to the transaction code OB08 to check the exchange rates for Euro. Ensure that the rates are maintained correctly and are valid for the date of the transaction.
  
  
  
  Review Transaction Types:
  
  Check if the transaction type you are trying to process supports Euro currency. If not, you may need to adjust the transaction type or use a different one.
  
  
  
  Consistency Across Modules:
  
  Ensure that the Euro currency settings are consistent across all relevant modules (FI, CO, MM, etc.). Sometimes, discrepancies in settings can lead to this error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or notes related to currency configuration and the specific error message for additional guidance.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OX19 (Define Currencies), and others related to currency settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to the MQ426 error. SAP Notes can provide specific guidance or fixes for known problems.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to make changes to currency settings and configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation and support.