How To Fix MQ762 - Company &1 from local currency group &2 not assigned to package &3

SAP Error Message - Details

• Message type: E = Error

• Message class: MQ - Messages for Euro Changeover Package

• Message number: 762

• Message text: Company &1 from local currency group &2 not assigned to package &3

What causes this issue?

Company &V1& belongs to local currency group &V2&. Local currency
groups are subgroups in which the subgroup currency is different from
the ledger currency of the assigned ledger and in which all companies
have the same local currency. You have assigned at least one company
from local currency group &V2& to changeover package &V3& but not
company &V1&. When a company from a local currency group is assigned to
a package, all the other companies from the subgroup must also be
assigned to the same package.

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?

Make sure that all companies from local currency group &V2& are
assigned to package &V3&. You can gain an overview of the companies
belonging to subgroup &V2& in <DS:TRAN.GC18>subgroup maintenance</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message MQ762 - Company &1 from local currency group &2 not assigned to package &3 ?

  The SAP error message MQ762 indicates that there is an issue with the assignment of a company code to a local currency group in the context of a package. This error typically arises during the execution of financial transactions or when trying to generate reports that involve currency conversion or financial data processing.
  Cause:
  The error message "MQ762 Company &1 from local currency group &2 not assigned to package &3" usually occurs due to one of the following reasons:
  
  Missing Assignment: The company code (represented by &1) is not properly assigned to the specified local currency group (represented by &2) in the configuration settings for the package (represented by &3).
  Configuration Issues: There may be a misconfiguration in the financial settings or currency settings within the SAP system.
  Data Inconsistencies: There could be inconsistencies in the master data or transaction data that are causing the system to not recognize the assignment.
  
  Solution:
  To resolve the MQ762 error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (IMG) and navigate to the relevant section for financial accounting.
  Check the settings for local currency groups and ensure that the company code is assigned to the correct local currency group.
  
  
  
  Assign Company Code to Local Currency Group:
  
  If the company code is not assigned, you will need to assign it to the local currency group. This can typically be done in the configuration settings under:
  
  Financial Accounting (FI) > General Ledger Accounting > Master Data > G/L Accounts > Prepare G/L Account Creation > Assign Company Code to Local Currency Group.
  
  
  
  
  
  Review Package Settings:
  
  Ensure that the package (if applicable) is correctly configured to include the company code and local currency group.
  
  
  
  Check for Data Issues:
  
  Review any related master data or transaction data for inconsistencies that might be causing the error.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for additional guidance on the specific configuration settings related to currency groups and company codes.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction or report again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes such as OB22 (for defining currency types) or OBY6 (for defining local currency groups) to access the relevant configuration settings.
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the configuration settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.