How To Fix F4071 - Company code does not have a second local currency

F4071 - Overview

• Message type: E = Error

• Message class: F4 - Line items/balances/configuration

• Message number: 071

• Message text: Company code does not have a second local currency

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message F4071 - Company code does not have a second local currency ?

  The SAP error message F4071 indicates that the company code you are working with does not have a second local currency defined. This error typically arises when you attempt to perform a transaction that requires a second local currency, such as certain financial postings or reporting activities.
  
  Cause:
  
  Missing Configuration: The company code is not configured to use a second local currency. This can happen if the company code was set up without defining a second local currency in the system.
  Transaction Requirements: The transaction you are trying to execute requires a second local currency, but the system does not have it set up for the specified company code.
  
  
  Solution:
  To resolve the F4071 error, you need to configure the company code to include a second local currency. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > SAP Reference IMG.
  
  
  
  Define Company Code