How To Fix GI504 - Posting with trans. currency also requires local currency

SAP Error Message - Details

• Message type: E = Error

• Message class: GI - FI-SL update

• Message number: 504

• Message text: Posting with trans. currency also requires local currency

What causes this issue?

The local currency is missing for the document type you selected.

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?

In document type maintenance, you select the currencies to be
displayed. You should only use a document type that also selects the
local currency.
<DS:TRAN.GCBX>Maintain Actual Document Types</>
<DS:TRAN.GCBA>Maintain Plan Document Types</>

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message GI504 - Posting with trans. currency also requires local currency ?

  The SAP error message GI504 ("Posting with transaction currency also requires local currency") typically occurs when you are trying to post a transaction in a currency that is not the local currency of the company code, and the system requires that both the transaction currency and the local currency be specified.
  Cause:
  
  Currency Configuration: The company code may be configured to require both local and transaction currencies for certain types of postings.
  Missing Local Currency: The transaction you are trying to post does not include the local currency amount, which is mandatory in this case.
  Document Type Settings: The document type you are using may have settings that enforce the requirement for local currency.
  Currency Type: The currency type used in the transaction may not be recognized as valid for the posting.
  
  Solution:
  
  Check Local Currency: Ensure that you are entering the local currency amount along with the transaction currency amount in your posting.
  Review Company Code Settings: Go to the configuration settings for the company code and check if the requirement for local currency is enabled. You can do this in the SAP Customizing Implementation Guide (IMG) under:
  
  Financial Accounting (FI) ? General Ledger Accounting ? Master Data ? G/L Account ? Prepare G/L Account Creation ? Define Account Groups
  
  
  Document Type Configuration: Check the configuration of the document type you are using to see if it requires local currency. You can find this in:
  
  Financial Accounting (FI) ? Financial Accounting Global Settings ? Document ? Document Types ? Define Document Types
  
  
  Currency Type Validation: Ensure that the currency type you are using is valid and recognized by the system for the posting you are attempting.
  Transaction Code: If you are using a specific transaction code, ensure that it supports the currencies you are trying to use.
  
  Related Information:
  
  Transaction Currency: This is the currency in which the transaction is being conducted (e.g., USD, EUR).
  Local Currency: This is the currency of the company code (e.g., if the company code is based in Germany, the local currency is likely EUR).
  SAP Notes: Check SAP Notes for any known issues or updates related to this error message.
  User Training: Ensure that users are trained on how to enter transactions correctly, including the requirement for local currency.
  
  If the issue persists after checking these areas, it may be beneficial to consult with your SAP support team or a functional consultant who can provide more specific guidance based on your system configuration.