Error message when you try to assign or change a currency on the Multicurrency Setup page in Microsoft Dynamics GP: “Activity for this currency already exists. The functional currency can't be changed."

Applies to: Financials General Ledger

SYMPTOMS

When you enter transactions, and then try to assign or change a currency on the Multicurrency Setup page in Microsoft Dynamics GP or in Microsoft Business Solutions - Great Plains 8.0, you receive the following error message:

Activity for this currency already exists. The functional currency can't be changed.

CAUSE

This issue occurs when you try to assign a Functional Currency for the first time after you enter or post transactions or when you change a Functional Currency that is already assigned.

RESOLUTION

To resolve this issue, follow these steps:
1. Create a backup of the company database.

Note If you want to, you can try the steps in a test company database, and then implement them in the company database. For more information, click the following article number to view the article in the Microsoft Knowledge Base:

871973 How to set up a test company that has a copy of live company data by using SQL Server 7.0, SQL Server 2000, or SQL Server 2005

2. Run Check Links on the Multicurrency tables. To do this in Microsoft Dynamics 10.0, follow these steps:
a. On the Microsoft Dynamics GP menu, click File , point to Maintenance , and then click Check Links .
b. In the Series list, click Financials .
c. In the Logical Tables list, click Multicurrency Setup , and then click Insert .
d. Click OK .
To do this in Microsoft Dynamics 9.0 and earlier versions, follow these steps:
a. Click File , point to Maintenance , and then click Check Links .
b. In the Series list, click Financials .
c. In the Logical Tables list, click Multicurrency Setup , and then click Insert .
d. Click OK .
3. Print the File Maintenance error report, and then verify that the functional currency is updated by viewing the following entry:

Multicurrency Setup: Functional currency has been updated.

DISCLAIMER 

MICROSOFT AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS OR WARRANTIES ABOUT THE SUITABILITY, THE RELIABILITY OR THE ACCURACY OF THE INFORMATION THAT IS CONTAINED IN THE DOCUMENTS AND THE RELATED GRAPHICS PUBLISHED ON THIS WEB SITE (THE “MATERIALS”) FOR ANY PURPOSE. 

THE MATERIALS MAY INCLUDE TECHNICAL INACCURACIES OR TYPOGRAPHICAL ERRORS AND MAY BE REVISED AT ANY TIME WITHOUT NOTICE. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, MICROSOFT AND/OR ITS SUPPLIERS DISCLAIM AND EXCLUDE ALL REPRESENTATIONS, WARRANTIES, AND CONDITIONS WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING BUT NOT LIMITED TO REPRESENTATIONS, WARRANTIES, OR CONDITIONS OF TITLE, NON-INFRINGEMENT, SATISFACTORY CONDITION OR QUALITY, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, WITH RESPECT TO THE MATERIALS.