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

RTC_CT_01223 - Overview

• 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