How To Fix OM488 - Curr./val. types for matLedger types &1 and &2 in comp. code &3 not equal

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 488

• Message text: Curr./val. types for matLedger types &1 and &2 in comp. code &3 not equal

What causes this issue?

Material ledger types &V1& and &V2& in company code &V3& are defined
differently.
The currency types and valuations within a company code must be the same
for all valuation areas.

System Response

The system does not allow you to assign material ledger type &V1&
because material ledger type &V2& has already been assigned a valuation
class with different currency types and valuations in company code &V3&.

How to fix this error?

Check your entry.

Procedure for System Administrators

In Customizing for the components Actual Costing/Material Ledger, check
the definition of the material ledger types.
In Customizing for Financial Accounting and Controlling, check the
currency settings.


Contact your system administrator.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message OM488 - Curr./val. types for matLedger types &1 and &2 in comp. code &3 not equal ?

  The SAP error message OM488 indicates that there is a mismatch between the currency and valuation types for material ledger types in a specific company code. This error typically arises during the configuration of the Material Ledger in SAP, particularly when dealing with multiple currencies or valuation methods.
  
  Cause:
  The error occurs when the system detects that the currency and valuation types defined for two different material ledger types (indicated by &1 and &2) in the specified company code (&3) do not match. This can happen due to:
  
  
  Configuration Issues: The settings for the material ledger types may not be consistent across the different types or may not align with the company code settings.
  Data Entry Errors: Incorrect entries during the configuration process can lead to mismatches.
  Changes in Configuration: If changes were made to the material ledger configuration after initial setup, it could lead to inconsistencies.
  
  
  Solution:
  To resolve the OM488 error, follow these steps:
  
  
  Check Configuration:
  
  Go