How To Fix FARR_CONTRACT_MAIN345 - Company code &1 excludes second local currency &2 calculation.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 345

• Message text: Company code &1 excludes second local currency &2 calculation.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_CONTRACT_MAIN345 - Company code &1 excludes second local currency &2 calculation. ?

  The SAP error message FARR_CONTRACT_MAIN345 indicates that there is an issue with the configuration of the company code in relation to the second local currency. This error typically arises in the context of contract accounting or asset accounting when the system attempts to perform calculations involving a second local currency that is not allowed for the specified company code.
  Cause:
  
  Company Code Configuration: The company code is configured to exclude the second local currency for certain transactions or calculations.
  Currency Settings: The second local currency may not be defined or activated for the company code in the system settings.
  Transaction Type: The specific transaction or contract type may not support calculations in the second local currency.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the configuration settings for the company code in SAP (Transaction Code: OX02).
  Verify that the second local currency is correctly defined and activated for the company code in question.
  
  
  
  Review Currency Types:
  
  Ensure that the second local currency is set up in the currency settings (Transaction Code: OB22).
  Check if the currency type for the second local currency is correctly assigned.
  
  
  
  Adjust Contract Settings:
  
  If applicable, review the settings for the specific contract or transaction type to ensure it allows for calculations in the second local currency.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific details on how to configure currencies for your version of SAP.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above settings, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OX02 (Company Code), OB22 (Define Currency Types), and others related to contract and asset accounting.
  SAP Notes: Check for any SAP Notes that may address this specific error or provide additional guidance on currency configuration.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to company code settings and currency configurations.
  
  By following these steps, you should be able to identify the root cause of the error and implement the necessary changes to resolve it.