How To Fix GI103 - Local currency CoID & deviates from company code currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 103

• Message text: Local currency CoID & deviates from company code currency

What causes this issue?

The local currency of the global company is not identical with the
company code currency. However, this is a requirement for the direct
posting to General Ledger.

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?

Make sure the currencies are identical, or check in Customizing to see
whether the wrong global company is assigned to the company code.
<DS:TRAN.GCG2>Change currency</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI103 - Local currency CoID & deviates from company code currency ?

  The SAP error message GI103 indicates that there is a discrepancy between the local currency of a document and the currency defined for the company code. This typically occurs during transactions that involve currency conversion or when posting documents that involve different currencies.
  Cause:
  
  Currency Mismatch: The local currency of the document does not match the currency defined for the company code. For example, if the company code is set to use USD as its currency, but the document is being posted in EUR, this error will occur.
  Configuration Issues: The company code may not be properly configured to handle transactions in the local currency being used.
  Master Data Issues: The master data for the vendor, customer, or material may have incorrect currency settings.
  Transaction Type: Certain transaction types may require specific currency settings that are not being met.
  
  Solution:
  
  
  Check Company Code Settings: Verify the currency settings for the company code in the configuration. Ensure that the local currency is correctly defined.
  
  Navigate to SPRO ? Enterprise Structure ? Definition ? Financial Accounting ? Define Company Code and check the currency settings.
  
  
  
  Review Document Currency: Ensure that the document you are trying to post is in the correct currency. If necessary, convert the amounts to match the company code currency.
  
  
  Adjust Master Data: Check the master data for the relevant vendor, customer, or material to ensure that the currency settings are correct. You can do this by:
  
  For vendors: Use transaction XK03 to display vendor master data.
  For customers: Use transaction XD03 to display customer master data.
  For materials: Use transaction MM03 to display material master data.
  
  
  
  Use Currency Translation: If you need to post in a different currency, consider using currency translation features in SAP to convert the amounts appropriately.
  
  
  Consult with Finance Team: If you are unsure about the correct currency settings or how to proceed, consult with your finance team or SAP support for guidance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as FB01 (Post Document), FB50 (G/L Account Document), and FBL1N (Vendor Line Item Display) to troubleshoot and analyze the issue.
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling in your version of SAP.
  Documentation: Review SAP documentation on currency settings and financial accounting to understand how currency is managed within the system.
  
  By following these steps, you should be able to resolve the GI103 error and ensure that your transactions are processed correctly.