How To Fix FMCY063 - No currency assigned to company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FMCY - Copy budget data

• Message number: 063

• Message text: No currency assigned to company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FMCY063 - No currency assigned to company code &1 ?

  The SAP error message FMCY063 "No currency assigned to company code &1" indicates that the specified company code does not have a currency assigned to it in the system. This can prevent transactions from being processed correctly, as every company code must have a currency defined for financial reporting and transaction purposes.
  Cause:
  
  Missing Currency Assignment: The company code has not been assigned a currency in the configuration settings.
  Incorrect Configuration: The currency assignment may have been incorrectly set up or modified.
  Data Migration Issues: If data was migrated from another system, the currency assignment may not have been included or may have been lost during the migration process.
  
  Solution:
  To resolve this error, you need to assign a currency to the affected company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG (Implementation Guide).
  
  
  
  Assign Currency to Company Code:
  
  Follow the path: Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Define Company Code Currency.
  Select the company code that is causing the error (replace &1 with the actual company code).
  Assign the appropriate currency (e.g., local currency, group currency) to the company code.
  
  
  
  Save Changes: After assigning the currency, save your changes.
  
  
  Check for Additional Settings: Ensure that any related settings, such as currency types and exchange rates, are also configured correctly.
  
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like OB22 to directly access the currency assignment for company codes.
  Documentation: Refer to SAP Help documentation for more detailed instructions on configuring currencies in financial accounting.
  Testing: After making the changes, perform a test transaction to ensure that the error is resolved and that the company code can now process transactions correctly.
  
  If the issue persists after following these steps, it may be necessary to check for additional configuration settings or consult with your SAP support team for further assistance.