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

FC162 - Overview

• 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