How To Fix MQ622 - No participating currency defined for deprec.area &2 in comp.code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 622

• Message text: No participating currency defined for deprec.area &2 in comp.code &1

What causes this issue?

The currency belonging to depreciation area &V2& and company code &V1&
does not belong to the participating currencies of this local currency
changeover and is therefore not transferred to the changeover control
tables.

System Response

Valuation area &V2& is not taken into consideration.

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 MQ622 - No participating currency defined for deprec.area &2 in comp.code &1 ?

  The SAP error message MQ622 indicates that there is no participating currency defined for a depreciation area in a specific company code. This typically occurs in the context of Asset Accounting (FI-AA) when you are trying to post transactions related to fixed assets.
  Cause:
  The error arises when:
  
  The depreciation area specified does not have a participating currency defined in the configuration.
  The company code does not have the necessary settings for the depreciation area to allow for currency postings.
  
  Solution:
  To resolve this error, you need to ensure that the depreciation area is correctly configured with a participating currency for the specified company code. Here are the steps to do this:
  
  
  Access the Configuration:
  
  Go to the SAP Easy Access screen.
  Navigate to SPRO (SAP Project Reference Object) > IMG (Implementation Guide) > Financial Accounting > Asset Accounting > Integration > Define Depreciation Areas.
  
  
  
  Check Depreciation Area Settings:
  
  Find the depreciation area that is causing the error.
  Ensure that the "Participating Currency" is defined for that depreciation area in the context of the specified company code.
  
  
  
  Define Participating Currency:
  
  If the participating currency is not defined, you will need to set it up. This typically involves specifying the currency type and ensuring that it aligns with your financial reporting requirements.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly set up to use the depreciation area in question. This includes checking the currency settings for the company code.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, try to post the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  You may use transaction codes like OAYZ (for defining depreciation areas) and OAYD (for defining company code settings) to access the relevant configuration settings directly.
  
  
  
  Documentation:
  
  Refer to SAP Help documentation for Asset Accounting for detailed information on depreciation areas and currency settings.
  
  
  
  Support:
  
  If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  
  
  By following these steps, you should be able to resolve the MQ622 error and ensure that your asset accounting transactions can be processed without issues.