How To Fix GC408 - Company & has different currency (&) than subgroup

SAP Error Message - Details

• Message type: E = Error

• Message class: GC - Error Messages for Consolidation/Extended General Ledger

• Message number: 408

• Message text: Company & has different currency (&) than subgroup

What causes this issue?

The subgroup currency differs from the ledger currency, and the local
currency of the company differs from the subgroup currency.
In general, the subgroup currency can be different than the ledger
currency. But, in this case, all companies within the subgroup must
use the subgroup's currency as their local currency. Subgroups like
this are refered to as local currency groups.

System Response

Error message

How to fix this error?

Please check the local currency in the related company's master record.
Actions

<ds:TRAN.GC12>Proceed</>
ENDIF

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GC408 - Company & has different currency (&) than subgroup ?

  The SAP error message GC408 indicates that there is a mismatch in the currency settings between a company code and its associated subgroup. This typically occurs in the context of financial transactions or reporting where the currency of the company code does not match the currency of the subgroup (such as a controlling area or a profit center).
  Cause:
  
  Currency Mismatch: The primary cause of this error is that the company code is set up with a different currency than the subgroup it is associated with. For example, if the company code is in USD and the subgroup is in EUR, this error will occur.
  Configuration Issues: Incorrect configuration in the SAP system regarding currency settings for company codes and subgroups.
  Data Entry Errors: Manual entry errors during the setup of company codes or subgroups can lead to mismatched currencies.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the company code and the subgroup.
  Ensure that the currency settings are consistent. You can check this in the following paths:
  
  For Company Code: SPRO ? Financial Accounting ? General Ledger Accounting ? Master Data ? G/L Account ? Edit G/L Account Centrally.
  For Subgroup: SPRO ? Controlling ? General Controlling ? Master Data ? Cost Center Accounting ? Cost Center ? Create/Change Cost Center.
  
  
  
  
  
  Adjust Currency Settings:
  
  If you find a mismatch, you may need to change the currency of either the company code or the subgroup to ensure they match.
  Note that changing the currency of a company code can have significant implications, so it should be done with caution and typically requires thorough planning and testing.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team for guidance on how to properly align the currency settings.
  
  
  
  Testing:
  
  After making changes, perform tests to ensure that the error no longer occurs and that financial transactions can be processed without issues.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OX02 (for company code settings) and OX19 (for controlling area settings) to check and modify the relevant settings.
  Impact on Reporting: Be aware that currency mismatches can affect financial reporting and consolidation processes, so it’s important to resolve these issues promptly.
  User Roles: Ensure that users have the appropriate roles and permissions to make changes to company code and subgroup settings.
  
  If the issue persists after checking the configurations and making necessary adjustments, it may be beneficial to reach out to SAP support or your internal SAP team for further assistance.