How To Fix RQ160 - In foreign currency account &1 you may only plan in &2

RQ160 - Overview

• Message type: E = Error

• Message class: RQ - Messages for Cash Management and Forecast

• Message number: 160

• Message text: In foreign currency account &1 you may only plan in &2

What causes this issue?

You should create a payment advice notice in currency &V2& for a
foreign currency account managed in currency &V1&.

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?

If this payment advice notice should be subsequently transferred to a
posting, you have to ensure that clearing accounts used in the posting
have an account currency, which permits a posting in the planning
currency &V2&.
(It is possible to transfer payment advice notices in postings using
reports RFFDBU00 or RFFDZA00 provided the payment advice notices
establish account transfers that were created by cash management or
manual payment advice creation.)

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message RQ160 - In foreign currency account &1 you may only plan in &2 ?

  The SAP error message RQ160 typically occurs in the context of planning in a foreign currency account. This error indicates that there is a mismatch between the currency in which you are trying to plan and the currency that is allowed for that specific account.
  
  Cause:
  The error message "RQ160 In foreign currency account &1 you may only plan in &2" is triggered when:
  
  You are attempting to enter planning data in a currency that is not permitted for the specified account (account &1).
  The account is set up to only allow planning in a specific currency (currency &2), which is different from the currency you are trying to use.
  
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Account Settings:
  
  Verify the settings of the account in question (account &1). Ensure that the currency settings are correctly configured to allow planning in the desired currency.
  
  
  
  Use the Correct Currency:
  
  Make sure that you are entering planning