How To Fix FOT_TXA060 - Only CoCds with the same local currency are permitted.

SAP Error Message - Details

• Message type: E = Error

• Message class: FOT_TXA - Tax abroad messages

• Message number: 060

• Message text: Only CoCds with the same local currency are permitted.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FOT_TXA060 - Only CoCds with the same local currency are permitted. ?

  The SAP error message FOT_TXA060 ("Only CoCds with the same local currency are permitted") typically occurs in the context of financial transactions or reporting when there is an attempt to process data involving multiple company codes (CoCds) that have different local currencies. This is a restriction in SAP to ensure consistency in financial reporting and transactions.
  Cause:
  
  Different Local Currencies: The primary cause of this error is that the company codes involved in the transaction or report have different local currencies. For example, if one company code is set to USD and another is set to EUR, SAP will not allow the transaction to proceed.
  Configuration Issues: There may be a misconfiguration in the company code settings, where the local currency is not set correctly or consistently across the relevant company codes.
  Transaction Type: Certain transactions or reports may inherently require that all involved company codes share the same local currency.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or use the path: SPRO > Financial Accounting > General Settings > Define Company Code).
  Verify the local currency settings for each company code involved in the transaction. Ensure they are set to the same currency if they need to be processed together.
  
  
  
  Adjust Transaction:
  
  If the transaction can be split or adjusted to involve only company codes with the same local currency, consider doing so.
  Review the transaction details to see if it can be modified to comply with the currency requirements.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about the implications of changing currency settings or if the transaction needs to involve multiple company codes, consult with your finance or accounting team for guidance.
  
  
  
  Use Currency Conversion:
  
  If applicable, consider using currency conversion features in SAP to convert amounts to a common currency before processing the transaction.
  
  
  
  Review Documentation:
  
  Check SAP documentation or help resources for any specific guidelines related to the transaction type you are working with.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB50 (General Ledger Account Document Entry), F-02 (General Posting), or others that may be relevant to your specific scenario.
  SAP Notes: Search for SAP Notes related to this error message for any patches or updates that may address the issue.
  User Roles and Permissions: Ensure that you have the necessary permissions to view and modify company code settings, as this may be restricted based on user roles.
  
  By following these steps, you should be able to resolve the FOT_TXA060 error and proceed with your financial transactions in SAP.