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 to the configuration settings for the Material Ledger in SAP (Transaction code: OML0).
  Verify the currency and valuation types for the material ledger types involved (check the settings for both &1 and &2).
  Ensure that the currency and valuation types are consistent and correctly defined for the company code &3.
  
  
  
  Adjust Settings:
  
  If discrepancies are found, adjust the settings to ensure that the currency and valuation types match for the specified material ledger types.
  Make sure that the settings align with the overall financial and material management strategy of the organization.
  
  
  
  Review Documentation:
  
  Consult SAP documentation or help resources for guidance on configuring the Material Ledger and understanding the implications of currency and valuation types.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error is resolved and that the Material Ledger functions as expected.
  
  
  
  Consult SAP Support:
  
  If the issue persists after checking the configuration, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Material Ledger: A component in SAP that allows for the management of inventory valuation and provides detailed information about material movements and costs.
  Valuation Types: These are used to define how materials are valued in the system, which can include standard price, moving average price, etc.
  Currency Types: Refers to the different currencies that can be used in transactions, such as local currency, group currency, and hard currency.
  
  By ensuring that the configuration is consistent and correctly set up, you can resolve the OM488 error and maintain the integrity of your Material Ledger in SAP.