How To Fix FQ766 - No rounding unit defined for company code group & and currency &

SAP Error Message - Details

• Message type: E = Error

• Message class: FQ - Payment Requests and Payment Program

• Message number: 766

• Message text: No rounding unit defined for company code group & and currency &

What causes this issue?

You have not assigned a rounding unit to company code group &V1& and
currency &V2&.

System Response

No rounding is entered.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FQ766 - No rounding unit defined for company code group & and currency & ?

  The SAP error message FQ766 indicates that there is no rounding unit defined for a specific company code group and currency in the system. This error typically arises during financial transactions or when processing documents that require currency conversion or rounding.
  Cause:
  
  Missing Rounding Unit Configuration: The primary cause of this error is that the rounding unit for the specified company code group and currency has not been defined in the system.
  Incorrect Configuration: There may be an incorrect or incomplete configuration in the financial settings related to currency handling.
  Company Code Group Issues: The company code group may not be properly set up or linked to the relevant currencies.
  
  Solution:
  To resolve the FQ766 error, follow these steps:
  
  
  Define Rounding Units:
  
  Go to the SAP transaction code OB37 (or navigate through the menu: Financial Accounting > Financial Accounting Global Settings > Currencies > Define Rounding Units).
  Check if the rounding unit for the relevant company code group and currency is defined. If not, create a new entry.
  Specify the company code group, currency, and the appropriate rounding unit.
  
  
  
  Check Company Code Group Settings:
  
  Ensure that the company code group is correctly configured and linked to the necessary currencies.
  You can check this in the configuration settings under OBY6 (or through the menu: Financial Accounting > Financial Accounting Global Settings > Currencies > Define Company Code Group).
  
  
  
  Review Currency Settings:
  
  Verify that the currency settings for the company code and the relevant transactions are correctly set up.
  Ensure that the currency types and their respective settings are properly configured.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Documentation: Refer to SAP Help documentation for detailed guidance on configuring rounding units and currency settings.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB37 (Define Rounding Units), OBY6 (Define Company Code Group), and others related to currency configuration.
  Support: If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting SAP Notes for any known issues or patches related to this error.
  
  By following these steps, you should be able to resolve the FQ766 error and ensure that your financial transactions can be processed without issues related to rounding units.