How To Fix ICC-FI007 - Could not read local currency for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: ICC-FI - Dunning (Sweden)

• Message number: 007

• Message text: Could not read local currency for company code &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

Unfortunately, there isn't any extra information in this error notice.

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Smart SAP Assistant

• What is the cause and solution for SAP error message ICC-FI007 - Could not read local currency for company code &1 ?

  The SAP error message ICC-FI007: Could not read local currency for company code &1 typically indicates that the system is unable to retrieve the local currency settings for a specified company code. This can occur due to various reasons, and here are some common causes, solutions, and related information:
  Causes:
  
  Missing Configuration: The company code may not be properly configured in the system, particularly regarding its currency settings.
  Inactive Company Code: The company code might be inactive or not properly set up in the system.
  Authorization Issues: The user may not have the necessary authorizations to access the company code data.
  Data Corruption: There could be issues with the underlying data in the database that prevent the system from reading the currency information.
  Transport Issues: If the company code was recently transported from another system, there may be inconsistencies in the configuration.
  
  Solutions:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Edit, Copy, Delete, Check Company Code).
  Verify that the local currency is correctly defined for the company code in question.
  
  
  
  Activate Company Code:
  
  Ensure that the company code is active. If it is inactive, you may need to activate it.
  
  
  
  Review User Authorizations:
  
  Check the user roles and authorizations to ensure that the user has the necessary permissions to access the company code.
  
  
  
  Check for Data Issues:
  
  Use transaction codes like SE11 (Data Dictionary) or SE16 (Data Browser) to check the relevant tables (e.g., T001 for company codes) for any inconsistencies or missing entries.
  
  
  
  Transport Check:
  
  If the company code was recently transported, ensure that all necessary configuration and data have been transported correctly.
  
  
  
  Consult SAP Notes:
  
  Check the SAP Support Portal for any relevant SAP Notes that may address this specific error message or provide additional troubleshooting steps.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Company Code Configuration
  SE11: Data Dictionary
  SE16: Data Browser
  
  
  Tables:
  
  T001: Company Codes
  T001W: Company Code Currency
  
  
  SAP Support: If the issue persists after checking the above points, consider reaching out to SAP Support for further assistance.
  
  By following these steps, you should be able to identify and resolve the issue related to the ICC-FI007 error message in SAP.