How To Fix AW644 - No parallel currency area exists

SAP Error Message - Details

• Message type: E = Error

• Message class: AW - AuC messages

• Message number: 644

• Message text: No parallel currency area exists

What causes this issue?

For the settlement of capital investment measures an area for each
parallel currency in a company code has to be managed at the asset
under construction.

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?

Please check your Customzing settings.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AW644 - No parallel currency area exists ?

  The SAP error message AW644 ("No parallel currency area exists") typically occurs when you are trying to perform a transaction that requires a parallel currency area, but the configuration for that area is not set up in the system. This can happen in various modules, such as Financial Accounting (FI) or Controlling (CO), where multiple currencies are used.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the company code or controlling area does not have a parallel currency area defined in the system.
  Transaction Type: The transaction you are trying to execute may require a parallel currency area, but it is not available for the specified company code or controlling area.
  Currency Settings: The settings for currencies in the company code or controlling area may not be properly configured.
  
  Solution:
  To resolve the AW644 error, you can follow these steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OB22 (for company code settings).
  Verify that the company code has a parallel currency defined. If not, you may need to add a parallel currency.
  
  
  
  Check Controlling Area Settings:
  
  Use transaction code OKKP (for controlling area settings).
  Ensure that the controlling area has a parallel currency defined. If it does not, you will need to configure it.
  
  
  
  Define Parallel Currency:
  
  If you need to define a parallel currency, you can do so in the configuration settings:
  
  For company code: SPRO ? Financial Accounting (New) ? Financial Accounting Global Settings (New) ? Company Code ? Define Company Code.
  For controlling area: SPRO ? Controlling ? General Controlling ? Master Data ? Define Controlling Area.
  
  
  
  
  
  Check Transaction Type:
  
  Ensure that the transaction you are trying to execute is compatible with the currency settings of the company code or controlling area.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings or need more detailed guidance, refer to SAP documentation or consult with your SAP Basis or FI/CO consultant.
  
  
  
  Related Information:
  
  Parallel Currency: In SAP, parallel currencies allow organizations to manage multiple currencies for reporting and accounting purposes. This is particularly useful for multinational companies that operate in different currencies.
  Currency Types: SAP allows for different types of currencies, including local currency, group currency, and transaction currency. Each company code can have its own settings for these currencies.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22, OKKP, and SPRO for configuration and settings.
  
  By following these steps, you should be able to resolve the AW644 error and ensure that your SAP system is properly configured for parallel currencies.