How To Fix KO374 - Currencies for company codes & and & do not correspond to each other

SAP Error Message - Details

• Message type: E = Error

• Message class: KO - Master data for CO orders

• Message number: 374

• Message text: Currencies for company codes & and & do not correspond to each other

What causes this issue?

Company code &v1& has currency &v3&, while the requesting company code
&v2& has the currency &v4&.

How to fix this error?

Enter two company codes with identical currencies.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message KO374 - Currencies for company codes & and & do not correspond to each other ?

  The SAP error message KO374 indicates that there is a mismatch in the currency settings for the specified company codes in a controlling (CO) context. This typically occurs when you are trying to perform a transaction that involves multiple company codes, and the currencies defined for those company codes do not match.
  Cause:
  
  Different Currencies: The company codes involved in the transaction are set up with different local currencies or controlling area currencies.
  Configuration Issues: The configuration in the controlling area may not be set up correctly to handle multiple currencies.
  Master Data Issues: The master data for cost centers, internal orders, or other CO objects may have inconsistent currency settings.
  
  Solution:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or OBY1 for the company code settings) and verify the currency settings for the involved company codes. Ensure that they are set to the same currency if they are meant to be used together.
  
  
  
  Review Controlling Area Settings:
  
  Check the controlling area settings using transaction code OKKP. Ensure that the controlling area is configured to allow multiple currencies if necessary.
  
  
  
  Adjust Master Data:
  
  Review the master data for cost centers, internal orders, or any other relevant objects to ensure that they are set up with the correct currency. You can use transaction codes like KS01 (Create Cost Center) or KO01 (Create Internal Order) to check and adjust the currency settings.
  
  
  
  Currency Translation:
  
  If you need to work with different currencies, consider using currency translation features in SAP to convert amounts as needed.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or consult with your SAP Basis or Finance team for specific configuration guidelines related to currency settings.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OBY6: Company Code Global Parameters
  OKKP: Controlling Area Settings
  KS01: Create Cost Center
  KO01: Create Internal Order
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency settings and error KO374.
  
  
  User Roles: Ensure that you have the necessary authorizations to view and modify company code and controlling area settings.
  
  
  By following these steps, you should be able to resolve the KO374 error and ensure that the currency settings for the involved company codes are consistent.