How To Fix G3373 - Local currency not defined for cons unit &1 &2 in fiscal year &3

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 373

• Message text: Local currency not defined for cons unit &1 &2 in fiscal year &3

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message G3373 - Local currency not defined for cons unit &1 &2 in fiscal year &3 ?

  The SAP error message G3373 indicates that there is an issue with the local currency not being defined for a particular controlling unit (cost center, internal order, etc.) in a specified fiscal year. This error typically arises in the context of financial reporting or when trying to post transactions that involve cost accounting.
  Cause:
  
  Missing Local Currency Definition: The local currency for the specified controlling unit is not defined in the system for the given fiscal year.
  Configuration Issues: There may be a configuration issue in the controlling area or the company code settings.
  Fiscal Year Variant: The fiscal year variant may not be properly set up, leading to inconsistencies in currency definitions.
  
  Solution:
  
  
  Define Local Currency:
  
  Go to the transaction code OBY6 (or navigate through the menu: Financial Accounting > General Ledger > Master Data > G/L Accounts > Prepare for G/L Account Creation).
  Check the settings for the controlling unit (cost center, internal order, etc.) and ensure that the local currency is defined for the fiscal year in question.
  
  
  
  Check Controlling Area Settings:
  
  Use transaction code OKKP to check the settings of the controlling area.
  Ensure that the local currency is correctly defined and that it matches the company code currency.
  
  
  
  Review Fiscal Year Variant:
  
  Use transaction code OB29 to check the fiscal year variant settings.
  Ensure that the fiscal year variant is correctly assigned to the company code and that it includes the necessary periods.
  
  
  
  Consult with Configuration Team: If you are not able to resolve the issue, consult with your SAP configuration team or a functional consultant who can help you review the settings in detail.
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Define Local Currency
  OKKP: Controlling Area Settings
  OB29: Fiscal Year Variant Configuration
  
  
  Documentation: Refer to SAP Help documentation for detailed steps on configuring local currencies and fiscal year variants.
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to this error message.
  
  By following these steps, you should be able to resolve the G3373 error and ensure that the local currency is properly defined for the controlling unit in the specified fiscal year.