How To Fix FAA_CFG_CHECK021 - CoCode &1, area &2: Currency type &3 is not defined in GL for the CoCode

SAP Error Message - Details

• Message type: E = Error

• Message class: FAA_CFG_CHECK - Message Class for consistency check of CFG objects

• Message number: 021

• Message text: CoCode &1, area &2: Currency type &3 is not defined in GL for the CoCode

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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Smart SAP Assistant

• What is the cause and solution for SAP error message FAA_CFG_CHECK021 - CoCode &1, area &2: Currency type &3 is not defined in GL for the CoCode ?

  The SAP error message FAA_CFG_CHECK021 indicates that there is an issue with the currency type configuration for a specific company code (CoCode) and area in the Asset Accounting (FI-AA) module. The error message states that the specified currency type is not defined in the General Ledger (GL) for the given company code.
  Cause:
  
  Missing Currency Type Configuration: The currency type specified in the error message is not defined in the General Ledger settings for the company code.
  Incorrect Configuration: The currency type may have been incorrectly configured or not set up at all in the relevant financial settings.
  Inconsistent Settings: There may be inconsistencies between the Asset Accounting settings and the General Ledger settings regarding currency types.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the transaction code OB22 (Define Currency Types).
  Verify that the currency type mentioned in the error message is defined for the relevant company code.
  
  
  
  Define Currency Type in GL:
  
  If the currency type is not defined, you need to define it. You can do this by:
  
  Navigating to the transaction code OBY6 (Define Company Code).
  Select the relevant company code and ensure that the currency type is properly configured.
  
  
  
  
  
  Check Asset Accounting Settings:
  
  Go to the transaction code OAYZ (Define Asset Classes).
  Ensure that the asset class associated with the area in question is correctly configured to use the appropriate currency type.
  
  
  
  Review Company Code Settings:
  
  Check the company code settings in the Financial Accounting (FI) module to ensure that all necessary configurations are in place.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configurations, refer to SAP documentation or consult with your SAP Basis or FI consultant for guidance.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB22: Define Currency Types
  OBY6: Define Company Code
  OAYZ: Define Asset Classes
  
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or solutions related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  By following these steps, you should be able to resolve the FAA_CFG_CHECK021 error and ensure that the currency type is properly defined for the specified company code and area.