How To Fix OM475 - 'Currency types from CO' set. Currency types are being cancelled

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 475

• Message text: 'Currency types from CO' set. Currency types are being cancelled

What causes this issue?

You have set the <LS>Currency type from FI</> indicator.

System Response

The system will cancel further entries for currency types 1, 2, and 3.

How to fix this error?

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OM475 - 'Currency types from CO' set. Currency types are being cancelled ?

  The SAP error message OM475 typically indicates an issue related to the currency types in Controlling (CO) when trying to perform certain operations, such as posting or processing transactions. This error often arises when there is a mismatch or inconsistency in the currency settings for the controlling area, cost centers, or other related objects.
  Cause of Error OM475
  
  Currency Type Configuration: The currency types defined in the controlling area may not be correctly set up or may not match the currency types used in the associated master data (e.g., cost centers, internal orders).
  Currency Type Cancellation: The error message suggests that the currency types are being canceled, which could happen if there are inconsistencies in the configuration or if the system is trying to process a transaction that involves a currency type that is not valid or has been deactivated.
  Master Data Issues: There may be issues with the master data related to the cost centers, internal orders, or other CO objects that are using the currency types incorrectly.
  
  Solution to Error OM475
  
  
  Check Currency Type Configuration:
  
  Go to the configuration settings for the controlling area and verify the currency types defined there. Ensure that they are correctly set up and active.
  Use transaction code OB08 to check the exchange rates and ensure that the currency types are properly defined.
  
  
  
  Review Master Data:
  
  Check the master data for cost centers, internal orders, and other CO objects to ensure that the currency types are correctly assigned and that there are no inconsistencies.
  Use transaction codes like KS01 (Create Cost Center) or KO01 (Create Internal Order) to review the settings.
  
  
  
  Transaction Processing:
  
  If you are trying to post a transaction, ensure that the transaction is using the correct currency type and that it aligns with the settings in the controlling area.
  If necessary, try to reverse or cancel the transaction that is causing the error and reprocess it with the correct settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to currency types in CO for any specific guidance or updates that may address the issue.
  
  
  
  SAP Support:
  
  If the issue persists after checking the above points, consider reaching out to SAP support for further assistance. They may provide specific notes or patches that address the error.
  
  
  
  Related Information
  
  Currency Types in SAP: Currency types in SAP CO are used to differentiate between various currencies used in financial reporting, such as transaction currency, group currency, and object currency.
  Transaction Codes: Familiarize yourself with relevant transaction codes for checking and configuring currency types and master data in CO.
  SAP Notes: Regularly check SAP Notes for any updates or known issues related to currency types and error messages in CO.
  
  By following these steps, you should be able to identify and resolve the cause of the OM475 error in SAP.