How To Fix FR443 - Alternative local currency must be the same for all company codes

SAP Error Message - Details

• Message type: E = Error

• Message class: FR - Messages for FI Reporting

• Message number: 443

• Message text: Alternative local currency must be the same for all company codes

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message FR443 - Alternative local currency must be the same for all company codes ?

  The SAP error message FR443, which states "Alternative local currency must be the same for all company codes," typically arises in the context of financial transactions or configurations involving multiple company codes in SAP. This error indicates that there is a mismatch in the alternative local currency settings across different company codes.
  Cause:
  The error occurs when:
  
  Inconsistent Currency Settings: Different company codes have been configured with different alternative local currencies. For example, if Company Code A is set to use USD as its alternative local currency, while Company Code B is set to use EUR, this inconsistency will trigger the error.
  Configuration Issues: The settings in the Financial Accounting (FI) module may not be aligned across the company codes, leading to discrepancies in how currencies are handled.
  
  Solution:
  To resolve the FR443 error, you can follow these steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Define Company Code).
  Review the settings for each company code to ensure that the alternative local currency is consistent across all relevant company codes.
  
  
  
  Adjust Alternative Local Currency:
  
  If you find discrepancies, you will need to adjust the alternative local currency for the company codes to ensure they are the same. This may involve changing the settings in the configuration.
  
  
  
  Consult with Finance Team:
  
  If you are unsure about which currency to use or the implications of changing the currency settings, consult with your finance or accounting team to ensure that the changes align with your organization's financial policies.
  
  
  
  Testing:
  
  After making the necessary changes, perform tests to ensure that the error no longer occurs and that financial transactions can be processed without issues.
  
  
  
  Documentation:
  
  Document any changes made to the configuration for future reference and to maintain a clear audit trail.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for company code settings) and OBA7 (for alternative local currency settings).
  SAP Notes: Check SAP Notes for any specific guidance or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings in SAP.
  
  By following these steps, you should be able to resolve the FR443 error and ensure that your SAP system is configured correctly for financial transactions involving multiple company codes.