How To Fix G3342 - No local currency defined for cons unit &1 (dim &2) in fiscal year &3

G3342 - Overview

• Message type: E = Error

• Message class: G3 - Messages for SAP Consolidation: Integration

• Message number: 342

• Message text: No local currency defined for cons unit &1 (dim &2) in fiscal year &3

What causes this issue?

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

System Response

How to fix this error?

In the Customizing of consolidation, assign a local currency to cons
unit &V1& in dimension &V2& for fiscal year &V3&.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message G3342 - No local currency defined for cons unit &1 (dim &2) in fiscal year &3 ?

  The SAP error message G3342 indicates that there is no local currency defined for a particular controlling unit (cons unit) in a specified fiscal year. This error typically arises in the context of controlling (CO) and financial accounting (FI) modules when trying to perform operations that require a local currency definition.
  
  Cause:
  
  Missing Configuration: The local currency for the controlling area or the specific controlling unit has not been defined in the system.
  Fiscal Year Settings: The fiscal year settings may not have been properly configured for the controlling unit.
  Data Entry Error: There may be an error in the data entry where the controlling unit or fiscal year is incorrectly specified.
  
  
  Solution:
  To resolve the G3342 error, you can follow these steps:
  
  
  Check Controlling Area Configuration:
  
  Go to the transaction code OKKP (Controlling Area) and verify that the controlling area is correctly set up.
  Ensure that the local currency is defined for the controlling area.
  
  
  
  Define Local Currency for