How To Fix E8011 - You cannot set EURO as both transaction and house currency

SAP Error Message - Details

• Message type: E = Error

• Message class: E8 - IS-U account

• Message number: 011

• Message text: You cannot set EURO as both transaction and house currency

What causes this issue?

If a transaction currency is specified in the contract account, then
either this currency or the local currency (company code table) must be
EURO.
The EURO currency is identified by the ISO code EUR or, if the ISO code
is not filled, by the currency key itself.

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message E8011 - You cannot set EURO as both transaction and house currency ?

  The SAP error message E8011, which states "You cannot set EURO as both transaction and house currency," typically occurs when there is a configuration issue in the financial settings of your SAP system. This error arises when the system detects that the Euro (EUR) is being set as both the transaction currency and the house currency for a particular entity or transaction, which is not allowed.
  
  Cause:
  
  Configuration Conflict: The error usually indicates that the currency settings for a company code or a specific transaction are conflicting. Specifically, it means that the Euro is being defined as both the transaction currency (the currency in which the transaction is recorded) and the house currency (the currency used for internal accounting purposes).
  Incorrect Settings: This can happen if the company code is set up incorrectly, or if there are inconsistencies in the currency settings in the financial configuration.
  
  
  Solution:
  To resolve this error, you can follow these