How To Fix GLFLEX_EMU001 - No local currency is maintained in company code &

SAP Error Message - Details

• Message type: E = Error

• Message class: GLFLEX_EMU - Euro Conversion for Flexible General Ledger

• Message number: 001

• Message text: No local currency is maintained in company code &

What causes this issue?

During the local currency changeover, company code <(>&<)>V1& is
entered in table EWUORG for the changeover. However, this company code
has no local currency.

System Response

The program outputs a warning. The company code is not included in the
changeover.

How to fix this error?

Check the Customizing setting for this company code. If the setting is
correct, the warning can be ignored. Otherwise, make a change to the
Customizing setting and restart the local currency changeover with a
new package.

Procedure for System Administrators

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 GLFLEX_EMU001 - No local currency is maintained in company code & ?

  The SAP error message GLFLEX_EMU001 indicates that there is no local currency maintained for a specific company code in the system. This error typically arises when you are trying to perform transactions that require a local currency setting, such as posting journal entries or generating financial reports.
  Cause:
  The primary cause of this error is that the company code in question does not have a local currency defined in its configuration. Every company code in SAP must have a local currency assigned, which is usually the currency of the country where the company code operates.
  Solution:
  To resolve the error, you need to maintain the local currency for the affected company code. Here are the steps to do this:
  
  
  Access the Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG (Implementation Guide).
  Follow the path: Financial Accounting (New) > Financial Accounting Global Settings (New) > Company Code > Edit, Copy, Delete, Check Company Code.
  
  
  
  Select the Company Code:
  
  In the company code configuration screen, find and select the company code that is causing the error.
  
  
  
  Maintain Local Currency:
  
  In the company code details, look for the field labeled Local Currency.
  Enter the appropriate currency code (e.g., EUR for Euro, USD for US Dollar) that corresponds to the local currency of the company code.
  
  
  
  Save Changes:
  
  After entering the local currency, save your changes.
  
  
  
  Test the Transaction:
  
  Go back to the transaction that was causing the error and try to execute it again to see if the issue is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You can use transaction codes like OBY6 (to maintain company code settings) or OBY1 (to define the local currency) to directly access the relevant configuration screens.
  Currency Types: Ensure that the currency type is correctly set up in the system. The local currency is usually defined as currency type "10".
  Cross-Check with Other Company Codes: If you have other company codes that are functioning correctly, you can compare their settings to ensure consistency.
  Authorization: Ensure that you have the necessary authorization to make changes to company code settings.
  
  If the problem persists after following these steps, it may be necessary to consult with your SAP Basis or Financial Accounting team for further investigation.