How To Fix FAC_MAINT_COA020 - Displaying bals in local currency only is not defined in Company Code &1.

SAP Error Message - Details

• Message type: E = Error

• Message class: FAC_MAINT_COA - message for maintenance chart of account

• Message number: 020

• Message text: Displaying bals in local currency only is not defined in Company Code &1.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FAC_MAINT_COA020 - Displaying bals in local currency only is not defined in Company Code &1. ?

  The SAP error message FAC_MAINT_COA020 indicates that the system is unable to display balances in local currency for a specific company code because this setting has not been defined. This typically occurs in the context of financial accounting or asset accounting when trying to view or report financial data.
  Cause:
  The error is caused by the absence of a configuration that allows the display of balances in local currency for the specified company code. This can happen if:
  
  The company code is not set up correctly in the configuration.
  The local currency settings for the company code are not defined.
  There may be missing or incorrect settings in the financial accounting module.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Ensure that the company code in question is correctly configured and that the local currency is defined.
  
  
  
  Define Local Currency:
  
  In the company code settings, check the "Currency" field to ensure that the local currency is specified.
  If it is not defined, you will need to set the local currency for the company code.
  
  
  
  Check Financial Statement Versions:
  
  If you are using financial statement versions, ensure that they are set up to allow for local currency reporting.
  
  
  
  Review Asset Accounting Settings:
  
  If the error occurs in the context of asset accounting, check the settings in transaction code OAYZ (or navigate through the menu: SPRO > Financial Accounting > Asset Accounting > Integration with Financial Accounting > Define Company Code).
  
  
  
  Test the Configuration:
  
  After making the necessary changes, test the configuration by trying to display the balances again to see if the error persists.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP Basis or Financial Accounting consultant for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Company Code Configuration
  OAYZ: Asset Accounting Configuration
  
  
  SAP Notes and Documentation:
  
  Check SAP Notes for any known issues or additional guidance related to this error message.
  
  
  User Roles and Authorizations:
  
  Ensure that the user has the necessary authorizations to view financial data for the company code.
  
  
  
  By following these steps, you should be able to resolve the error and successfully display balances in local currency for the specified company code.