How To Fix MQ754 - No ledgers specified for FI-LC

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 754

• Message text: No ledgers specified for FI-LC

What causes this issue?

Before you assign ledgers or companies to a package (of package type
"FILC") for a later changeover to the euro, you must let the system
know which ledgers are used for totals table FILCT in the FI-LC
application. These specifications have not yet been made.

System Response

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

How to fix this error?

Enter the <DS:TRAN.GCEA>ledgers</> (for FILCT) used in FI-LC first.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ754 - No ledgers specified for FI-LC ?

  The SAP error message MQ754 "No ledgers specified for FI-LC" typically occurs in the context of Financial Accounting (FI) and specifically when dealing with the Local Currency (FI-LC) functionality in SAP. This error indicates that the system is unable to find any ledgers that are configured for the specified company code or accounting area in the context of FI-LC.
  
  Cause:
  
  Missing Configuration: The most common cause of this error is that the ledgers have not been properly configured in the system for the company code or accounting area you are working with.
  Incorrect Settings: There may be incorrect settings in the configuration of the Financial Accounting module, particularly in the area of ledgers and currency settings.
  Company Code Issues: The company code may not be assigned to any ledgers, or the ledgers may not be activated for the specific company code.
  Data Entry Errors: There could be errors in the data entry or selection criteria