How To Fix FARR_CONTRACT_MAIN346 - Company code &1 excludes third local currency &2 calculation.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_CONTRACT_MAIN - Revenue Accounting: Contract Management

• Message number: 346

• Message text: Company code &1 excludes third 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_MAIN346 - Company code &1 excludes third local currency &2 calculation. ?

  The SAP error message FARR_CONTRACT_MAIN346 indicates that there is an issue with the configuration of the company code in relation to the third local currency. This error typically arises in the context of contract accounting or asset accounting when the system attempts to perform calculations involving a third local currency that is not allowed for the specified company code.
  Cause:
  
  Company Code Configuration: The company code is configured to exclude the use of a specific third local currency. This can happen if the currency settings in the company code do not allow for the third local currency to be used in transactions.
  Currency Settings: The third local currency may not be defined or activated in the currency settings for the company code.
  Transaction Type: The transaction being processed may not support the use of the third local currency due to the specific settings or restrictions in place.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OB22 (or the relevant configuration path) to check the settings for the company code.
  Ensure that the third local currency is properly defined and allowed for the company code in question.
  
  
  
  Define Currencies:
  
  If the third local currency is not defined, you may need to define it in the configuration settings. This can be done in the transaction code OB08 where you can maintain the exchange rates and currency settings.
  
  
  
  Review Transaction Type:
  
  Ensure that the transaction type you are using supports the third local currency. If it does not, you may need to adjust the transaction type or use a different one that allows for the third local currency.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific guidance on how to configure the company code and currencies correctly.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for company code settings) and OB08 (for currency settings).
  SAP Notes: Check for any SAP Notes related to this error message for additional insights or patches that may address the issue.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings and currency configurations.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or consult with an SAP expert for further assistance.