How To Fix >A311 - Company code &1 has no local currency with currency type &2

SAP Error Message - Details

• Message type: E = Error

• Message class: >A -

• Message number: 311

• Message text: Company code &1 has no local currency with currency type &2

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >A311 - Company code &1 has no local currency with currency type &2 ?

  The SAP error message A311 indicates that the specified company code does not have a local currency defined for the specified currency type. This can occur in various financial transactions or reporting processes where a currency is required but not properly configured.
  Cause:
  
  Missing Local Currency Configuration: The company code has not been assigned a local currency, or the local currency is not set up correctly in the system.
  Incorrect Currency Type: The currency type specified in the transaction does not match any of the defined currency types for the company code.
  Company Code Settings: The company code may not be fully configured in the system, leading to missing currency settings.
  
  Solution:
  To resolve the error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Settings > Define Company Code).
  Verify that the company code in question has a local currency defined. The local currency is typically set to the currency of the country where the company code is located.
  
  
  
  Define Local Currency:
  
  If the local currency is missing, you can define it by editing the company code settings. Ensure that the currency type is set correctly (usually, currency type "10" is used for local currency).
  
  
  
  Check Currency Types:
  
  Use transaction code OB22 to check the currency types defined in the system. Ensure that the currency type you are trying to use is correctly set up for the company code.
  
  
  
  Review Transaction Settings:
  
  If the error occurs during a specific transaction, review the transaction settings to ensure that the correct company code and currency type are being used.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP administrator for guidance on configuring company codes and currencies.
  
  
  
  Related Information:
  
  Currency Types: In SAP, different currency types can be defined, such as local currency (type 10), group currency (type 30), and hard currency (type 20). Each company code can have multiple currency types.
  Transaction Codes: Familiarize yourself with relevant transaction codes like OBY6 (Define Company Code) and OB22 (Define Currency Types) for managing currency settings.
  SAP Notes: Check SAP Notes for any known issues or additional guidance related to currency configuration and error messages.
  
  By following these steps, you should be able to resolve the A311 error and ensure that your company code is properly configured for local currency usage.