How To Fix GI162 - Ledger & has no group currency

GI162 - Overview

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 162

• Message text: Ledger & has no group currency

What causes this issue?

You specified that the group currency should be stored for this ledger;
however, you have not entered a group currency unit for this ledger.

System Response

The system cannot update.

How to fix this error?

Please check the specified ledger in Table T881.
<DS:TRAN.GCL2>Check ledger</>

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

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI162 - Ledger & has no group currency ?

  The SAP error message GI162 indicates that a ledger does not have a group currency assigned to it. This can occur in the context of Financial Accounting (FI) and Controlling (CO) modules when you are trying to perform transactions or reporting that require a group currency, but the ledger in question is not configured to support it.
  
  Cause:
  
  Missing Group Currency Configuration: The ledger has not been set up with a group currency in the configuration settings.
  Incorrect Ledger Settings: The ledger may have been created without specifying a group currency, or it may have been modified incorrectly.
  Data Migration Issues: If data was migrated from another system, the group currency settings may not have been transferred correctly.
  
  
  Solution:
  To resolve the GI162 error, you can follow these steps:
  
  
  Check Ledger Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Master Data > G/L Accounts > Preparation >