How To Fix /PM0/ALB_FND_MSG120 - Local currency &1 does not match the system-wide local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: /PM0/ALB_FND_MSG -

• Message number: 120

• Message text: Local currency &1 does not match the system-wide local currency

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message /PM0/ALB_FND_MSG120 - Local currency &1 does not match the system-wide local currency ?

  The SAP error message /PM0/ALB_FND_MSG120 indicates that there is a mismatch between the local currency defined for a specific transaction or document and the system-wide local currency settings. This typically occurs in scenarios where financial transactions are being processed, and the local currency for a particular entity or transaction does not align with the overall configuration of the SAP system.
  Cause:
  
  Configuration Mismatch: The local currency set for a company code, controlling area, or other organizational unit does not match the local currency defined in the system settings.
  Data Entry Error: Incorrect data entry during transaction processing, where the local currency is specified incorrectly.
  Master Data Issues: The master data for a vendor, customer, or material may have a different local currency than what is expected by the system.
  Currency Settings: The currency settings in the financial accounting (FI) module may not be aligned with the settings in other modules (like controlling (CO) or materials management (MM)).
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP and verify the local currency settings for the relevant company code or controlling area.
  Ensure that the local currency is set correctly in the configuration (Transaction Code: OB22 for company code settings).
  
  
  
  Review Master Data:
  
  Check the master data for the relevant entities (vendors, customers, etc.) to ensure that the local currency is consistent with the system-wide settings.
  Update the master data if necessary to align with the correct local currency.
  
  
  
  Correct Transaction Data:
  
  If the error occurred during a specific transaction, review the transaction data for any incorrect currency entries.
  Correct the transaction to use the appropriate local currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for specific guidance on currency settings and configurations.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error does not reoccur and that transactions can be processed without issues.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for company code currency settings), OBA7 (for currency types), and OX15 (for defining company codes).
  SAP Notes: Check SAP Notes for any known issues or patches related to currency settings and this specific error message.
  User Roles: Ensure that users have the appropriate roles and authorizations to make changes to currency settings and master data.
  
  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.