How To Fix FC297 - Hard currency used as additional local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 297

• Message text: Hard currency used as additional local currency

What causes this issue?

Hard currency &V1& of country &V2& is used in company code &V3& as an
additional local currency. This hard currency should no longer be
changed since documents exist in that company code.

System Response

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

How to fix this error?

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC297 - Hard currency used as additional local currency ?

  The SAP error message FC297 ("Hard currency used as additional local currency") typically occurs when there is an attempt to use a hard currency (like USD, EUR, etc.) as an additional local currency in a company code configuration. In SAP, hard currencies are generally used for reporting purposes and are not meant to be configured as local currencies.
  Cause:
  
  Configuration Issue: The company code is set up incorrectly, where a hard currency is mistakenly designated as an additional local currency.
  Data Entry Error: During the configuration or data entry process, a hard currency may have been selected or entered incorrectly.
  
  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 > General Ledger > Master Data > G/L Account > Prepare for Migration > Define Company Code).
  Verify the currency settings for the company code in question.
  Ensure that the local currency is set correctly (usually the local currency of the country where the company code is based) and that hard currencies are not set as additional local currencies.
  
  
  
  Adjust Currency Settings:
  
  If a hard currency is incorrectly set as an additional local currency, you will need to change it to a proper local currency.
  You can do this by editing the company code settings and ensuring that only valid local currencies are configured.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help files for more detailed guidance on currency configuration and the implications of using hard currencies.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Consult with SAP Support:
  
  If you are unable to resolve the issue, consider reaching out to SAP support or your internal SAP team for further assistance.
  
  
  
  Related Information:
  
  Hard Currency: A currency that is widely accepted around the world and is stable, such as the US Dollar (USD) or Euro (EUR).
  Local Currency: The currency in which a company operates and records its transactions.
  Additional Local Currency: An optional currency that can be used for reporting purposes alongside the local currency.
  
  By ensuring that the currency settings are correctly configured, you can avoid encountering the FC297 error in the future.