How To Fix MQ621 - No currency has been maintained for depreciation area &2 in comp.code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 621

• Message text: No currency has been maintained for depreciation area &2 in comp.code &1

What causes this issue?

When analyzing the company code-related depreciation area
specifications in table T093B, the system determined that no currency
has been defined for depreciation area &V2& and company code &V1&.

System Response

Valuation area &V2& is skipped.

How to fix this error?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ621 - No currency has been maintained for depreciation area &2 in comp.code &1 ?

  The SAP error message MQ621 indicates that there is no currency maintained for a specific depreciation area in a given company code. This error typically arises in the Asset Accounting (FI-AA) module when trying to perform operations related to asset transactions, such as posting or reporting.
  Cause:
  The error occurs because the system requires a currency to be defined for the specified depreciation area in the specified company code. Each depreciation area can have its own currency settings, and if these are not configured, the system cannot process transactions related to that depreciation area.
  Solution:
  To resolve the error, you need to maintain the currency settings for the specified depreciation area in the company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to the following path: 
  SPRO -> IMG -> Financial Accounting -> Asset Accounting -> Integration -> Define Depreciation Areas
  
  
  
  
  Select the Company Code:
  
  Choose the relevant company code for which you are receiving the error.
  
  
  
  Maintain Currency Settings:
  
  In the configuration for the depreciation area, ensure that the currency is defined. You may need to specify the following:
  
  Transaction Currency: This is the currency in which the asset transactions will be recorded.
  Group Currency: If applicable, this is the currency used for group reporting.
  Local Currency: This is the currency of the company code.
  
  
  
  
  
  Save Changes:
  
  After making the necessary changes, save your configuration.
  
  
  
  Test the Changes:
  
  Try to perform the transaction again that previously resulted in the error to ensure that the issue has been resolved.
  
  
  
  Related Information:
  
  Depreciation Areas: These are used in Asset Accounting to represent different ways of calculating depreciation for an asset. Each depreciation area can have different rules and currencies.
  Company Code: This is the smallest organizational unit in SAP for which a complete self-contained set of accounts can be drawn up. Each company code can have its own currency settings.
  Transaction Codes: You may use transaction codes like OAYZ (for defining depreciation areas) or OABW (for asset accounting configuration) to access the relevant settings directly.
  
  If the issue persists after following these steps, it may be necessary to check for any additional configuration settings or consult with your SAP support team for further assistance.