How To Fix FC342 - You are not allowed to delete a parallel local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 342

• Message text: You are not allowed to delete a parallel local currency

What causes this issue?

You are not allowed to delete the entry for a parallel local currency
in company code &V1& since the company code has been flagged as
"productive" and documents have already been posted. Deleting the entry
may mean that open items can no longer be cleared.

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 FC342 - You are not allowed to delete a parallel local currency ?

  The SAP error message FC342, "You are not allowed to delete a parallel local currency," typically occurs when a user attempts to delete a parallel currency configuration in the financial accounting module. This error is related to the settings in the company code or controlling area where parallel currencies are defined.
  Cause:
  
  Configuration Restrictions: The system is designed to prevent the deletion of parallel local currencies that are actively used in financial transactions. This is a safeguard to maintain data integrity and ensure that financial reporting remains accurate.
  Active Transactions: If there are existing transactions or postings that reference the parallel currency, the system will not allow deletion.
  User Authorizations: The user may not have the necessary authorizations to perform the deletion of the currency configuration.
  
  Solution:
  
  Check Active Transactions: Before attempting to delete a parallel currency, ensure that there are no active transactions or postings that reference that currency. You can check transaction history or reports to confirm this.
  Review Configuration: If you need to change or delete a parallel currency, consider whether it is necessary. If it is not actively used, you may need to consult with your finance team to determine the best course of action.
  User Authorizations: Ensure that the user attempting to delete the currency has the appropriate authorizations. If not, you may need to request additional permissions from your SAP security team.
  Consult Documentation: Review SAP documentation or consult with your SAP support team for specific guidelines on handling parallel currencies in your version of SAP.
  Alternative Actions: If deletion is not possible, consider whether you can deactivate the currency instead of deleting it, or if you can change its status to prevent further use.
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB22 (for defining currencies) or OBA7 (for managing currency types) to review and manage currency settings.
  SAP Notes: Check SAP Notes for any specific patches or updates related to this error message, as there may be known issues or fixes.
  Documentation: Refer to the SAP Help Portal for detailed information on currency management in SAP Financial Accounting.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP Financial Accounting for further assistance.