How To Fix FH163 - First local currency not found

SAP Error Message - Details

• Message type: E = Error

• Message class: FH - General ledger module messages

• Message number: 163

• Message text: First local currency not found

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FH163 - First local currency not found ?

  The SAP error message FH163 ("First local currency not found") typically occurs in the context of financial transactions, particularly when dealing with currency settings in the SAP system. This error indicates that the system is unable to find the first local currency for a specific company code or transaction, which is essential for processing financial data.
  Causes:
  
  Missing Configuration: The first local currency (usually the company code currency) may not be properly configured in the system.
  Incorrect Company Code Settings: The company code may not have a valid currency assigned to it.
  Data Inconsistencies: There may be inconsistencies in the master data or transaction data related to currency settings.
  Currency Type Issues: The currency type being used in the transaction may not be defined or may not match the expected local currency.
  
  Solutions:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or SPRO -> Financial Accounting -> Financial Accounting Global Settings -> Company Code -> Define Company Code).
  Ensure that the company code has a valid local currency assigned.
  
  
  
  Review Currency Settings:
  
  Check the currency settings in the transaction or master data that is causing the error.
  Ensure that the first local currency is correctly defined in the relevant master records (e.g., vendor, customer, or general ledger accounts).
  
  
  
  Verify Currency Types:
  
  Ensure that the currency type being used in the transaction is correctly defined in the system.
  You can check this in the configuration settings for currencies.
  
  
  
  Check for Data Inconsistencies:
  
  Run reports or use transaction codes like FBL1N (Vendor Line Items) or FBL3N (G/L Account Line Items) to identify any inconsistencies in the data that may be causing the issue.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or notes related to currency configuration and error FH163 for any specific guidance or patches that may be applicable.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, OB22 (for defining currency types), and OB08 (for maintaining exchange rates).
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify currency settings.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.