How To Fix GG003 - The third currency cannot be activated

GG003 - Overview

• Message type: E = Error

• Message class: GG - Messages for FI-SL customizing

• Message number: 003

• Message text: The third currency cannot be activated

What causes this issue?

You have tried to activate the third currency of ledger &V1&. You
cannot do so because a third currency has not yet been defined for
ledger &V1&.

System Response

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

How to fix this error?

If you want to activate the third currency of the ledger, you must first
define the third currency in the ledger master data.

Error message extract from SAP system. Copyright SAP SE.

GG003 - Details

• The SAP error message GG003, which states "The third currency cannot be activated," typically occurs in the context of financial accounting when there is an attempt to activate a third currency in the system, but certain prerequisites or configurations are not met.
  
  Cause:
  
  
  Configuration Issues: The third currency feature may not be properly configured in the system. This could be due to missing settings in the company code or controlling area.
  Currency Type: The currency type for the third currency may not be defined correctly. SAP requires specific currency types to be set up for the third currency.
  Existing Data: If there are existing transactions or data that conflict with the activation of a third currency, this can prevent activation.
  User Authorizations: The user attempting to activate the third currency may not have the necessary authorizations to make changes to currency settings.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the transaction code OB22 to check the configuration of the company