How To Fix KM562 - Company code has no currency

SAP Error Message - Details

• Message type: E = Error

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

• Message number: 562

• Message text: Company code has no currency

Diagnosis
At least one CO object belonging to account &V1& has work in process in
controlling area currency &V3&, though not in company code currency
&V4&.
As the controlling area currency deviates from the company code
currency, the following may have occurred:
Differences due to currency fluctuations,
Rounding differences or
Inconsistent data records in which the company code currency mistakenly
contains 0

System Response

No value can be transferred for the company code currency. If the
controlling area currency is not used in Profit Center Accounting, no
WIP can be transferred to Profit Center Accounting. If the currency of
the controlling area is used as a third currency (report currency), in
Profit Center Accounting, the WIP balance of &V2& &V3& will transferred
in this currency.

How to fix this error?

You can determine which objects are concerned by transferring with line
items. Check whether the WIP determined for these objects is correct.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KM562 - Company code has no currency ?

  The SAP error message KM562, which states "Company code has no currency," typically occurs when there is an issue with the configuration of the company code in the SAP system. This error indicates that the system cannot find a valid currency assignment for the specified company code, which is essential for financial transactions and reporting.
  Cause:
  
  Missing Currency Assignment: The company code has not been assigned a currency in the configuration settings.
  Incorrect Configuration: The currency settings may have been incorrectly configured or modified.
  Data Migration Issues: If data was migrated from another system, the currency settings may not have been properly transferred.
  Company Code Deactivation: The company code may have been deactivated or not properly set up in the system.
  
  Solution:
  To resolve the KM562 error, follow these steps:
  
  
  Check Company Code Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > Enterprise Structure > Definition > Financial Accounting > Define Company Code.
  Select the relevant company code and check if a currency is assigned.
  
  
  
  Assign Currency:
  
  If no currency is assigned, you can assign a currency by editing the company code settings.
  Ensure that the currency is valid and corresponds to the currency types used in your organization.
  
  
  
  Review Currency Types:
  
  Check if the currency type (e.g., local currency, group currency) is correctly defined in the system.
  Navigate to SPRO > Financial Accounting > General Settings > Define Currency Types.
  
  
  
  Check for Data Migration Issues:
  
  If the error occurred after a data migration, verify that all necessary currency data was included in the migration process.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or consult with your SAP Basis or Finance team for any specific configurations related to your organization.
  
  
  
  Testing:
  
  After making the necessary changes, perform a test transaction to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OBY6 (to check company code settings) and OB22 (to check currency types) for further investigation.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles: Ensure that you have the necessary authorizations to make changes to company code settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with an SAP expert or your organization's SAP support team for further assistance.