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 steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Settings > Define Company Code).
  Verify the currency settings for the company code in question. Ensure that the house currency is not set to Euro if the transaction currency is also Euro.
  
  
  
  Adjust Currency Settings:
  
  If you need to use Euro as the transaction currency, consider changing the house currency to a different currency (e.g., local currency or another currency that is not Euro).
  If the house currency must be Euro, then ensure that the transaction currency is set to a different currency.
  
  
  
  Review Transaction Settings:
  
  Check the specific transaction or document that is causing the error. Ensure that the currency settings for that transaction align with the company code settings.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team for best practices regarding currency settings.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, OB22 (for defining currencies), and OBY1 (for defining the global parameters).
  SAP Notes: Check SAP Notes for any specific patches or updates related to currency settings and this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.