How To Fix 7Q337 - Local currencies of company codes &1 and &2 are not identical

SAP Error Message - Details

• Message type: E = Error

• Message class: 7Q - Messages for new withholding tax functions

• Message number: 337

• Message text: Local currencies of company codes &1 and &2 are not identical

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 7Q337 - Local currencies of company codes &1 and &2 are not identical ?

  The SAP error message 7Q337 indicates that there is a mismatch in the local currencies of two company codes involved in a transaction. This error typically arises when you are trying to perform a transaction that involves multiple company codes, and the local currencies of those company codes are not the same.
  Cause:
  
  Different Local Currencies: The primary cause of this error is that the two company codes have been configured with different local currencies in their respective settings.
  Transaction Involvement: The error often occurs during intercompany transactions, where one company code is trying to post a transaction that involves another company code with a different local currency.
  
  Solution:
  To resolve this error, you can take the following steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the SAP menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Accounts > Edit G/L Account Centrally).
  Verify the local currency settings for both company codes involved in the transaction. Ensure that they are set to the same currency.
  
  
  
  Adjust Transaction:
  
  If the company codes must have different local currencies due to business requirements, consider adjusting the transaction to ensure that it is compatible with the currency settings. This may involve using a currency conversion or posting in a different manner.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about changing the local currency settings, consult with your finance or accounting team to understand the implications of changing the local currency for a company code.
  
  
  
  Use Alternative Posting Methods:
  
  If the transaction cannot be adjusted, consider using alternative methods for posting, such as using a different transaction type that allows for currency conversion.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 for company code settings and OB22 for defining currency types.
  Documentation: Review SAP documentation or help files related to financial accounting and currency settings for more detailed guidance.
  SAP Notes: Check for any SAP Notes that may address specific issues related to currency settings and intercompany transactions.
  
  By following these steps, you should be able to resolve the error message 7Q337 and ensure that your transactions can be processed correctly.