1J628 - Account currency should be EUR for collection with SEPA payment method

SAP Error Message - Details

• Message type: E = Error

• Message class: 1J - BCA: Payment Order Dialog

• Message number: 628

• Message text: Account currency should be EUR for collection with SEPA payment method

What causes this issue?

You tried to create a reference account with a SEPA payment method. SEPA
payment methods can only be used for EUR transactions. However, the
account currency is not EUR.

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?

Either change the account currency or change the payment method.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

AnswerBot

• What is the cause and solution for SAP error message 1J628 - Account currency should be EUR for collection with SEPA payment method ?

  The SAP error message 1J628 indicates that there is a mismatch between the account currency and the required currency for a SEPA (Single Euro Payments Area) payment method. Specifically, it states that the account currency should be in EUR (Euros) when using the SEPA payment method.
  Cause:
  
  Currency Mismatch: The account from which the payment is being made is not set to Euro (EUR). SEPA payments are designed to work with Euro transactions, and thus the system enforces this requirement.
  Configuration Issues: The payment method configuration in SAP may not be set up correctly to handle SEPA payments for accounts that are not in EUR.
  Master Data Issues: The vendor or customer master data may have an incorrect currency setting.
  
  Solution:
  
  
  Check Account Currency:
  
  Verify the currency of the bank account being used for the SEPA payment. Ensure that it is set to EUR.
  If the account is not in EUR, you may need to change the account currency or use a different account that is in EUR.
  
  
  
  Review Payment Method Configuration:
  
  Go to the configuration settings for payment methods in SAP (Transaction code: OBPM1 or similar).
  Ensure that the SEPA payment method is correctly configured to require EUR as the currency.
  
  
  
  Update Master Data:
  
  Check the vendor or customer master data (Transaction codes: XK02 for vendors, XD02 for customers).
  Ensure that the currency field is set to EUR for the relevant master records.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about making changes to account settings or master data, consult with your finance or accounting team to ensure compliance with financial regulations and practices.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error does not occur again.
  
  
  
  Related Information:
  
  SEPA Overview: SEPA is a payment-integration initiative of the European Union for simplifying bank transfers denominated in euros. It allows for easier and more efficient cross-border payments within the Eurozone.
  SAP Documentation: Refer to SAP Help documentation for detailed information on configuring payment methods and handling currency settings.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBPM1 (Payment Methods in Country), OBVCU (Payment Method Configuration), and others that may assist in troubleshooting.
  
  By following these steps, you should be able to resolve the error message 1J628 and successfully process SEPA payments.