How To Fix G3624 - Cannot determine the local currency for consolidation unit &3

G3624 - Overview

• Message type: E = Error

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

• Message number: 624

• Message text: Cannot determine the local currency for consolidation unit &3

What causes this issue?

No local currency is assigned to consolidation unit &V3& for the fiscal
year &V4&.

System Response

The local currency of consolidation unit &V3& could be determined from
the posting date &V1& of company code &V2&.
Processing has been terminated.

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.

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 G3624 - Cannot determine the local currency for consolidation unit &3 ?

  The SAP error message G3624, "Cannot determine the local currency for consolidation unit &3," typically occurs in the context of financial consolidation processes within SAP. This error indicates that the system is unable to identify the local currency for a specified consolidation unit, which is essential for accurate financial reporting and consolidation.
  Causes:
  
  Missing Configuration: The consolidation unit may not have been properly configured in the system, leading to the absence of a defined local currency.
  Incorrect Master Data: The master data for the consolidation unit may be incomplete or incorrect, particularly regarding currency settings.
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing information related to currency settings.
  Inactive or Deleted Units: The consolidation unit may be inactive or deleted, which can prevent the system from retrieving the necessary currency information.
  Authorization Issues: The user may not have the necessary authorizations to view or access the currency