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