How To Fix KM377 - The values for depreciation area &1 were calculated in local currency &2

SAP Error Message - Details

• Message type: E = Error

• Message class: KM - Error messages for Profit Center Accounting

• Message number: 377

• Message text: The values for depreciation area &1 were calculated in local currency &2

What causes this issue?

You are transferring depreciation area &V1& to Profit Center Accounting
with currency &V3&. However, no corresponding area with company code
currency &V2& exists for this depreciation area.

System Response

Values in company code currency must be determined by conversion. They
cannot be reconciled with a depreciation area in Asset Accounting or
accounts in Financial Accounting.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM377 - The values for depreciation area &1 were calculated in local currency &2 ?

  The SAP error message KM377 indicates that there is a discrepancy in the currency settings for a specific depreciation area in Asset Accounting. This error typically arises when the system attempts to calculate values for a depreciation area, but the values are being calculated in a different currency than expected.
  
  Cause:
  
  Currency Mismatch: The depreciation area is set up to use a different currency than the one being used for the asset or the transaction.
  
  Configuration Issues: The configuration for the asset accounting may not be aligned with the currency settings in the company code or the asset master data.
  Missing Currency Settings: The currency settings for the depreciation area may not be properly defined in the asset accounting configuration.
  
  
  Solution:
  
  
  Check Depreciation Area Settings:
  
  Go to the configuration for Asset Accounting (Transaction code: OAYZ).
  Verify the settings for the depreciation area in question. Ensure that the currency settings are correct and consistent with the company code currency.
  
  
  
  Review