How To Fix FICA_COLIABILITY_OBJ062 - No local currency found

SAP Error Message - Details

• Message type: E = Error

• Message class: FICA_COLIABILITY_OBJ - Debt Object Messages

• Message number: 062

• Message text: No local currency found

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FICA_COLIABILITY_OBJ062 - No local currency found ?

  The SAP error message FICA_COLIABILITY_OBJ062: No local currency found typically occurs in the context of the Financial Contract Accounting (FICA) module when the system is unable to find a local currency for a specific business transaction or account. This can happen for various reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  Missing Configuration: The local currency may not be configured for the relevant company code or business area in the system.
  Incorrect Master Data: The master data for the customer or vendor may not have the correct currency settings.
  Transaction Data Issues: The transaction being processed may not have a defined local currency, or it may be referencing an invalid or inactive currency.
  Currency Type Settings: The currency type settings in the FICA configuration may not be set up correctly.
  Integration Issues: If there are integrations with other modules (like FI or CO), discrepancies in currency settings can lead to this error.
  
  Solutions:
  
  
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