How To Fix IVE_E_INVOICE049 - Local currency not found for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: IVE_E_INVOICE - Message class for IVE_E invoice services

• Message number: 049

• Message text: Local currency not found 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.

What else can you do?

First, use our AnswerBot below to get a possible cause and solution (requires a premium subscription).

Also, review the in-depth Common Questions & Answers listed below; you could discover a solution there or be able to connect with others who have faced similar challenges.

You can also try searching the SAP support portal (support.sap.com) but you need a special user ID to access it. It is possible that an SAP support note exists that provides additional details about the mistake or even steps for fixing it.

Smart SAP Assistant

• What is the cause and solution for SAP error message IVE_E_INVOICE049 - Local currency not found for company code &1 ?

  The SAP error message IVE_E_INVOICE049: Local currency not found for company code &1 typically occurs when the system is unable to find the local currency configuration for a specific company code in the system. This can happen for various reasons, such as missing configuration or incorrect settings in the company code master data.
  Cause:
  
  Missing Currency Configuration: The local currency for the specified company code has not been defined in the system.
  Incorrect Company Code Settings: The company code may not be properly set up in the system, leading to the absence of a local currency.
  Data Migration Issues: If data has been migrated from another system, there may have been issues during the migration process that resulted in missing currency information.
  Customizing Issues: The currency settings in the SAP configuration may not have been properly maintained.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the SAP menu: SPRO > Financial Accounting > General Settings > Define Company Code).
  Verify that the company code in question is correctly set up and that a local currency is assigned.
  
  
  
  Define Local Currency:
  
  If the local currency is missing, you can define it by editing the company code settings. Ensure that the local currency is set to the correct currency (e.g., USD, EUR, etc.).
  
  
  
  Check Currency Types:
  
  Ensure that the currency types are correctly defined in the system. You can check this in the transaction code OB08 (or navigate through the SAP menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  
  
  
  Review Master Data:
  
  Check the master data for the company code to ensure that all necessary information is correctly maintained.
  
  
  
  Consult with SAP Basis or Functional Consultant:
  
  If you are unable to resolve the issue, it may be helpful to consult with an SAP Basis or functional consultant who can assist in diagnosing and fixing the configuration.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OBY6: Define Company Code
  OB08: Define Currencies
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  Documentation: Review SAP documentation related to financial accounting and currency settings for further insights.
  
  By following these steps, you should be able to identify and resolve the issue related to the local currency not being found for the specified company code.