How To Fix PM153 - G/L account currency &1 and clearing account currency & are not identical

SAP Error Message - Details

• Message type: E = Error

• Message class: PM - Extended Payment Functions

• Message number: 153

• Message text: G/L account currency &1 and clearing account currency & are not identical

What causes this issue?

For the account balance distribution the currencies of the giving and
receiving bank accounts must be identical. In this case, different
currency codes have been found.

System Response

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

How to fix this error?

Correct the entries.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message PM153 - G/L account currency &1 and clearing account currency & are not identical ?

  The SAP error message PM153 indicates that there is a mismatch between the currency of the General Ledger (G/L) account and the currency of the clearing account in a transaction. This typically occurs in the context of financial postings where the system expects both accounts to be in the same currency for the transaction to be processed correctly.
  Cause:
  
  Currency Mismatch: The G/L account and the clearing account are set up with different currencies. For example, if the G/L account is in USD and the clearing account is in EUR, the system will throw this error.
  Configuration Issues: The accounts may not be configured correctly in the system, leading to inconsistencies in currency settings.
  Transaction Settings: The transaction being processed may involve multiple currencies, and the system is unable to reconcile them due to the mismatch.
  
  Solution:
  
  
  Check Account Configuration:
  
  Go to the G/L account settings in the SAP system (Transaction Code: FS00).
  Verify the currency settings for both the G/L account and the clearing account. Ensure that they are set to the same currency.
  
  
  
  Adjust Transaction Currency:
  
  If the transaction involves multiple currencies, consider adjusting the transaction to ensure that both accounts are in the same currency.
  If necessary, convert the currency of one of the accounts to match the other.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type being used is appropriate for the accounts involved. Some transaction types may have specific currency requirements.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the correct currency settings or how to proceed, consult with your finance or accounting team to ensure compliance with financial policies.
  
  
  
  Use Currency Translation:
  
  If applicable, use currency translation features in SAP to convert amounts to the required currency before posting.
  
  
  
  Related Information:
  
  
  Transaction Codes: 
  
  FS00: G/L Account Master Data
  FB50: G/L Account Document Entry
  OBY6: Define Company Code Global Parameters (to check currency settings)
  
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency mismatches in your version of SAP.
  
  
  Documentation: Review SAP documentation or help files related to financial accounting and currency management for further guidance.
  
  
  By following these steps, you should be able to resolve the PM153 error and ensure that your financial transactions are processed correctly.