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

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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.

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F4071 - Details

• 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