How To Fix RTC_CT_01223 - Cannot determine local currency code for entity &1

SAP Error Message - Details

• Message type: E = Error

• Message class: RTC_CT_01 - Real consolidation - currency translation

• Message number: 223

• Message text: Cannot determine local currency code for entity &1

What causes this issue?

Entity's local currency is mandatory before you maintain additional
financial data.

System Response

It is not possible to maintain additional financial data for this
entity.

How to fix this error?

Maintain the local currency for entity <(>&<)>1 using the
<LS>Consolidation Entity Maintenance</> program (transaction code
RTCENT).

Procedure for System Administrators

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 RTC_CT_01223 - Cannot determine local currency code for entity &1 ?

  The SAP error message RTC_CT_01223, which states "Cannot determine local currency code for entity &1," typically occurs in the context of financial reporting or when working with currency-related functionalities in SAP. This error indicates that the system is unable to find the local currency code for a specified entity (usually a company code or a controlling area).
  Cause:
  
  Missing Configuration: The local currency for the specified entity (company code or controlling area) may not be configured in the system.
  Incorrect Entity: The entity ID provided in the error message may be incorrect or not exist in the system.
  Data Inconsistency: There may be inconsistencies in the master data related to the entity, such as missing or incorrect entries in the company code or controlling area settings.
  Authorization Issues: The user may not have the necessary authorizations to access the currency information for the specified entity.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings for the company code or controlling area in SAP.
  Ensure that the local currency is defined correctly. You can check this in the following path:
  
  Transaction Code: OX15 (for Company Code) or OX16 (for Controlling Area).
  
  
  Verify that the currency settings are correctly maintained.
  
  
  
  Verify Entity:
  
  Double-check the entity ID mentioned in the error message. Ensure that it is valid and exists in the system.
  Use transaction codes like OX02 (for Company Code) or KAH1 (for Controlling Area) to verify the details.
  
  
  
  Check Master Data:
  
  Review the master data for the entity to ensure that all necessary fields are filled out correctly, especially the currency fields.
  Ensure that the entity is active and not flagged for deletion.
  
  
  
  Authorization Check:
  
  Ensure that the user has the necessary authorizations to view and manage the currency settings for the specified entity.
  Consult with your SAP security team if you suspect authorization issues.
  
  
  
  Consult Documentation:
  
  If the issue persists, refer to SAP documentation or support notes related to currency configuration and error RTC_CT_01223 for additional troubleshooting steps.
  
  
  
  Related Information:
  
  Transaction Codes: OX15, OX16, OX02, KAH1
  SAP Notes: Check SAP Notes for any known issues or patches related to this error.
  SAP Community: Engage with the SAP Community forums for insights from other users who may have encountered similar issues.
  
  By following these steps, you should be able to identify and resolve the cause of the RTC_CT_01223 error in your SAP system.