How To Fix FC502 - You are not permitted to delete the parallel local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 502

• Message text: You are not permitted to delete the parallel local currency

What causes this issue?

You are not permitted to delete the parallel local currency.
At least one combination of company code/ledger is still using the
parallel currencies (company code &V1&/ledger &V2&).

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC502 - You are not permitted to delete the parallel local currency ?

  The SAP error message FC502, which states "You are not permitted to delete the parallel local currency," typically occurs when a user attempts to delete or modify a parallel currency setting in the financial accounting module of SAP. This error is related to the configuration of the company code and its currency settings.
  Cause:
  
  User Authorization: The user may not have the necessary authorizations to delete or modify the parallel local currency settings.
  System Configuration: The parallel currency is a critical configuration in SAP, and certain settings may prevent its deletion to maintain data integrity.
  Data Dependencies: There may be existing transactions or data that depend on the parallel currency, making it impossible to delete without first addressing those dependencies.
  
  Solution:
  
  Check User Authorizations: Ensure that the user has the appropriate authorizations to modify currency settings. This can be done by checking the user's roles and authorizations in the SAP system.
  Review Configuration: If you have the necessary authorizations, review the configuration settings for the company code. You can check the settings in the following path:
  
  Transaction Code: OX15 (for company code settings)
  Ensure that the parallel currency is correctly configured and that you are not trying to delete it if it is required for reporting or compliance.
  
  
  Consult with a SAP Administrator: If you are unsure about the implications of deleting the parallel currency, consult with a SAP administrator or a financial consultant who can provide guidance based on your organization's policies and requirements.
  Check for Dependencies: Investigate if there are any existing transactions or postings that are linked to the parallel currency. If there are, you may need to clear or adjust those transactions before attempting to delete the currency setting.
  
  Related Information:
  
  Parallel Currency: In SAP, parallel currencies are used to manage multiple currencies for financial reporting. This is particularly useful for multinational companies that operate in different currencies.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for defining currencies) and OX15 (for company code settings) to navigate the configuration settings effectively.
  SAP Notes: Check SAP Notes for any specific guidance or patches related to error FC502, as there may be updates or fixes provided by SAP.
  
  If the issue persists after checking the above points, it may be beneficial to reach out to SAP support for further assistance.