How To Fix GK427 - Consolidation unit & was not assigned any local currency

GK427 - Overview

• Message type: E = Error

• Message class: GK - Messages for SAP Consolidation

• Message number: 427

• Message text: Consolidation unit & was not assigned any local currency

What causes this issue?

No <DS:GLOS.3526B7A4AFAB52B9E10000009B38F974>local currency</> was
assigned to consolidation unit &V1&.

System Response

Processing is terminated.

How to fix this error?

Assign a local currency to consolidation unit &V1&.

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

<DS:TRAN.CX1N>Change consolidation unit</>

Error message extract from SAP system. Copyright SAP SE.

GK427 - Details

• The SAP error message GK427 indicates that a consolidation unit has not been assigned a local currency. This is a common issue in the context of financial consolidation processes within SAP, particularly when using the SAP Business Consolidation (BC) or SAP S/4HANA Finance modules.
  
  Cause:
  The error typically arises due to one of the following reasons:
  
  Missing Configuration: The consolidation unit has not been properly configured in the system, specifically regarding its local currency settings.
  Data Entry Error: There may have been an oversight during the data entry process where the local currency for the consolidation unit was not specified.
  Master Data Issues: The master data for the consolidation unit may be incomplete or incorrectly set up, leading to the absence of a local currency assignment.
  
  
  Solution:
  To resolve the GK427 error, you can follow these steps:
  
  
  Check Consolidation Unit Configuration:
  
  Navigate to the configuration settings for the consolidation unit in the SAP system.
  Ensure that the local currency is