How To Fix OM489 - Enter currency type 10 (currency of the company code)

SAP Error Message - Details

• Message type: E = Error

• Message class: OM - Customizing Materialwirtschaft

• Message number: 489

• Message text: Enter currency type 10 (currency of the company code)

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message OM489 - Enter currency type 10 (currency of the company code) ?

  The SAP error message OM489, which states "Enter currency type 10 (currency of the company code)," typically occurs in the context of financial transactions or settings where a currency type is required but not provided or is incorrect. Here’s a breakdown of the cause, potential solutions, and related information:
  Cause:
  
  Missing Currency Type: The system expects a currency type to be specified, particularly currency type 10, which represents the local currency of the company code.
  Configuration Issues: The company code may not be properly configured with a local currency, or the currency type settings may not be correctly defined in the system.
  Transaction Context: The error may arise during specific transactions, such as posting documents, creating invoices, or during financial reporting, where the currency type is mandatory.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Define Company Code).
  Ensure that the company code is correctly set up with a valid local currency.
  
  
  
  Specify Currency Type:
  
  When entering transactions, ensure that you specify the currency type as 10 (local currency) if it is not automatically populated.
  If you are using a custom program or transaction, check the code to ensure it is correctly passing the currency type.
  
  
  
  Review Transaction Settings:
  
  If the error occurs during a specific transaction, review the settings and parameters of that transaction to ensure that all required fields, including currency type, are filled out correctly.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files related to the specific transaction or module you are working with to understand the requirements for currency types.
  
  
  
  User Authorizations:
  
  Ensure that the user has the necessary authorizations to perform the transaction, as sometimes restrictions can lead to incomplete data entry.
  
  
  
  Related Information:
  
  
  Currency Types in SAP: In SAP, currency types are used to differentiate between various currencies used in financial transactions. Common currency types include:
  
  10: Local currency (company code currency)
  20: Hard currency
  30: Index currency
  40: Group currency
  
  
  
  Transaction Codes: Familiarize yourself with relevant transaction codes that may help in troubleshooting, such as:
  
  OB08: Define exchange rates
  OBY6: Define company code
  FB01: Post document
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message, as there may be specific fixes or updates provided by SAP.
  
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.