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 that lead to the system not being able to find the appropriate ledgers.
  
  Solution:
  
  
  Check Ledger Configuration:
  
  Go to the configuration settings in SAP (Transaction Code: SPRO).
  Navigate to Financial Accounting (New) > General Ledger Accounting (New) > Ledger > Define Ledgers.
  Ensure that the ledgers are defined and that they are assigned to the relevant company codes.
  
  
  
  Assign Ledgers to Company Code:
  
  In the same configuration area, check if the ledgers are assigned to the relevant company code.
  If not, you will need to assign the appropriate ledgers to the company code.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is correctly set up and that it is active.
  Check if the company code is linked to the correct controlling area and that the settings are consistent.
  
  
  
  Check for Data Entry Errors:
  
  Review the transaction or report you are trying to execute to ensure that the selection criteria are correct and that you are not inadvertently filtering out the ledgers.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on configuring ledgers and resolving related issues.
  
  
  
  Contact SAP Support:
  
  If the issue persists after checking the above configurations, consider reaching out to SAP support for further assistance.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as SPRO (for configuration), OB22 (for defining ledgers), and OBA7 (for managing currency settings).
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that the user has the necessary authorizations to view and modify ledger settings.
  
  By following these steps, you should be able to identify and resolve the cause of the MQ754 error in SAP.