How To Fix K5045 - FI general ledger for company code & does not record group currency

SAP Error Message - Details

• Message type: E = Error

• Message class: K5 - CO Reconciliation Ledger

• Message number: 045

• Message text: FI general ledger for company code & does not record group currency

What causes this issue?

You want to activate the <DS:GLOS.reconciliation_ledger>reconciliation
ledger</> for a controlling area with different company code
currencies.
In <DS:GLOS.company_code>company code</> &V1&, however, the group
currency is not updated in the FI general ledger. Reconciling company
codes in group currency is therefore not possible.

How to fix this error?

To reconcile company codes in group currency, updated the group
currency (<DS:DE.CURTP>currency type</> 30) in the FI general ledger.
Change the settings of company code &V1& accordingly.
Important: The average exchange rate (<DS:DE.KURST>currency type</> M)
is always used in currency translations for actual postings in CO.
Therefore, always enter currency type M during the definition of the
additional local currency in addition to the currency translation date
(<DS:DE.CURDT>date indicator</> 3).

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message K5045 - FI general ledger for company code & does not record group currency ?

  The SAP error message K5045 indicates that there is an issue with the financial postings in the General Ledger (FI) for a specific company code, particularly related to the group currency not being recorded. This error typically arises when there is a mismatch or misconfiguration in the currency settings for the company code or the transaction being processed.
  Cause of Error K5045
  
  
  Currency Configuration: The company code may not be set up correctly to handle group currency. Each company code in SAP can have a local currency and a group currency, and if the group currency is not defined or is incorrectly configured, this error can occur.
  
  
  Transaction Type: The type of transaction being processed may not support group currency postings. Certain transactions may not be designed to record values in group currency.
  
  
  Missing Master Data: The master data for the accounts involved in the transaction may not be set up to allow for group currency postings.
  
  
  Posting Period: The posting period may be closed or restricted, preventing the recording of transactions in the group currency.
  
  
  Solutions to Error K5045
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 to check the settings for the company code.
  Ensure that the group currency is defined and correctly set up.
  
  
  
  Review Transaction Type:
  
  Verify that the transaction type you are trying to post supports group currency. If not, you may need to adjust the transaction or use a different one.
  
  
  
  Master Data Review:
  
  Check the master data for the accounts involved in the transaction. Ensure that they are configured to allow postings in group currency.
  You can check the account settings using transaction code FS00.
  
  
  
  Posting Period Check:
  
  Ensure that the posting period is open for the transaction you are trying to execute. You can check this in the transaction code OB52.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP support team for specific configurations related to your version of SAP.
  
  
  
  Testing:
  
  After making the necessary changes, try to reprocess the transaction to see if the error persists.
  
  
  
  Related Information
  
  SAP Notes: Check SAP Notes for any known issues or patches related to error K5045. SAP Notes can provide additional context or solutions that are specific to your version of SAP.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6 (Company Code Global Parameters), FS00 (G/L Account Master Record), and OB52 (Open and Close Posting Periods).
  User Roles and Authorizations: Ensure that the user executing the transaction has the necessary authorizations to post in group currency.
  
  If the issue persists after following these steps, it may be beneficial to engage with your SAP support team or a consultant who specializes in SAP FI configurations.