How To Fix FC162 - Local currency &1 contains inconsistencies (see long text)

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 162

• Message text: Local currency &1 contains inconsistencies (see long text)

What causes this issue?

Company code &V2& has a &V1&. local currency. This local currency is
managed either with a <DS:DE.G_VALUTYP>valuation</> other than "legal
valuation" or with a currency which differs to a cost accounting object
and therefore requires a <DS:DE.KOKRS>controlling area</>. The
assignment of the company code to a controlling area is, however,
deleted when copying.

System Response

The assignment to the &V1&. local currency is copied.

How to fix this error?

Before the first posting in your target company code, maintain the
assignment of this company code to a controlling area.
Alternatively you can also delete the &V1&. local currency in the
target company code.

Procedure for System Administrators

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC162 - Local currency &1 contains inconsistencies (see long text) ?

  The SAP error message FC162 indicates that there are inconsistencies in the local currency for a specific account or transaction. This error typically arises during financial postings or when running reports that involve currency conversion or local currency calculations.
  Cause:
  
  Inconsistent Currency Settings: The local currency settings for the company code or the specific account may not be aligned with the transaction data.
  Incorrect Configuration: There may be issues with the configuration of the currency types in the system, such as missing or incorrect settings in the financial accounting (FI) module.
  Data Entry Errors: Manual entries or data uploads may have introduced inconsistencies in the local currency values.
  Currency Translation Issues: Problems may arise during currency translation processes, especially if the exchange rates are not maintained correctly.
  
  Solution:
  
  Check Configuration: Review the configuration settings for the company code and ensure that the local currency is correctly defined. This can be done in the SPRO transaction under Financial Accounting settings.
  Review Account Settings: Check the specific account settings in the chart of accounts to ensure that the local currency is consistent with the company code settings.
  Analyze Transaction Data: Use transaction codes like FB03 (Display Document) to review the specific transactions that are causing the error. Look for any discrepancies in the local currency amounts.
  Correct Data Entries: If manual entries are found to be incorrect, they should be corrected. This may involve reversing and re-posting transactions with the correct local currency values.
  Run Consistency Checks: Use SAP tools or reports to run consistency checks on the financial data to identify and rectify any inconsistencies.
  Consult SAP Notes: Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB03 (Display Document), FBL1N (Vendor Line Item Display), FBL3N (G/L Account Line Item Display), and others that can help in analyzing the data.
  SAP Documentation: Refer to SAP Help documentation for detailed information on currency settings and financial accounting processes.
  User Forums and Communities: Engage with SAP user communities or forums where similar issues may have been discussed, providing insights or solutions from other users' experiences.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a consultant who specializes in SAP Financial Accounting.