How To Fix IHC402 - Also assign a currency if you have assigned an amount

SAP Error Message - Details

• Message type: E = Error

• Message class: IHC - IHC Messages

• Message number: 402

• Message text: Also assign a currency if you have assigned an amount

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.

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Smart SAP Assistant

• What is the cause and solution for SAP error message IHC402 - Also assign a currency if you have assigned an amount ?

  The SAP error message IHC402 typically relates to issues in the Intercompany Holding (IHC) functionality, particularly when there is a problem with the assignment of currency to an amount in intercompany transactions. This error can occur in various scenarios, such as during the posting of intercompany transactions or when processing financial documents.
  Cause:
  The error message IHC402 usually indicates that an amount has been specified without a corresponding currency assignment. This can happen in the following situations:
  
  An intercompany transaction is being processed, but the currency for the transaction has not been defined.
  The system requires a currency to be assigned to the amount for proper processing and reporting.
  There may be configuration issues in the IHC settings or in the master data of the involved companies.
  
  Solution:
  To resolve the IHC402 error, you can take the following steps:
  
  
  Check the Transaction Data: Ensure that all amounts entered in the transaction have a corresponding currency assigned. If you are entering an amount, make sure to specify the currency as well.
  
  
  Review Configuration Settings: 
  
  Go to the configuration settings for the Intercompany Holding (IHC) in your SAP system.
  Ensure that the currency settings are correctly configured for the involved company codes and that the necessary currency types are defined.
  
  
  
  Master Data Review: 
  
  Check the master data for the involved companies to ensure that the currency settings are correctly maintained.
  Make sure that the company codes involved in the intercompany transaction have the correct currency assigned.
  
  
  
  Transaction Type Settings: If you are using specific transaction types for intercompany transactions, verify that these transaction types are configured to require currency assignments.
  
  
  Testing: After making the necessary adjustments, try to reprocess the transaction to see if the error persists.
  
  
  Related Information:
  
  SAP Notes: Check for any relevant SAP Notes that may provide additional insights or patches related to the IHC402 error.
  Documentation: Review the SAP documentation for Intercompany Holding (IHC) to understand the requirements for currency assignments and intercompany transactions.
  Support: If the issue persists after following the above steps, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  By ensuring that all amounts have a corresponding currency and that the configuration is correct, you should be able to resolve the IHC402 error effectively.