How To Fix /PM0/ABP_CHECKDERIVE016 - Local currencies of company code &1 and of policy do not match

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ABP_CHECKDERIVE -

• Message number: 016

• Message text: Local currencies of company code &1 and of policy do not match

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ABP_CHECKDERIVE016 - Local currencies of company code &1 and of policy do not match ?

  The SAP error message /PM0/ABP_CHECKDERIVE016 indicates that there is a mismatch between the local currencies of a company code and a policy in the system. This error typically arises in the context of Asset Accounting or when dealing with financial transactions that involve different currencies.
  Cause:
  
  Currency Mismatch: The local currency of the company code does not match the local currency defined in the policy. This can happen if the policy was created with a different currency than that of the company code.
  Configuration Issues: There may be configuration issues in the system where the currency settings for the company code and the policy are not aligned.
  Data Entry Errors: Incorrect data entry when creating or modifying the policy or company code can lead to this mismatch.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 to check the settings of the company code. Ensure that the local currency is correctly defined.
  
  
  
  Check Policy Settings:
  
  Review the policy settings in the relevant transaction (e.g., OAOA for Asset Accounting) to verify the local currency defined for the policy.
  
  
  
  Align Currencies:
  
  If there is a mismatch, you may need to either change the currency of the policy to match the company code or vice versa, depending on your business requirements.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or configuration guides related to Asset Accounting and currency settings to ensure that all configurations are correct.
  
  
  
  Testing:
  
  After making changes, perform a test transaction to ensure that the error does not reoccur.
  
  
  
  Consult with SAP Support:
  
  If the issue persists after checking the configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Company Code Global Data
  OAOA: Asset Accounting Configuration
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review the SAP Help Portal for detailed information on Asset Accounting and currency settings.
  
  By following these steps, you should be able to resolve the error message and ensure that the local currencies of the company code and policy are aligned correctly.