How To Fix TE311 - Unable to find local currency for company code

SAP Error Message - Details

• Message type: E = Error

• Message class: TE - Market Risk Management

• Message number: 311

• Message text: Unable to find local currency for company code

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message TE311 - Unable to find local currency for company code ?

  The SAP error message TE311 "Unable to find local currency for company code" typically occurs when the system is unable to determine the local currency for a specified company code. This can happen for several reasons, and understanding the cause is essential for resolving the issue.
  Causes:
  
  Missing Configuration: The company code may not have been properly configured with a local currency in the system.
  Incorrect Company Code: The company code specified in the transaction may not exist or may have been entered incorrectly.
  Currency Type Issues: The currency type for the company code may not be set up correctly in the system.
  Data Inconsistencies: There may be inconsistencies or missing data in the configuration tables related to currencies.
  
  Solutions:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > General Ledger > Master Data > G/L Account > Edit G/L Account Centrally).
  Verify that the company code is correctly set up and that a local currency is assigned to it.
  
  
  
  Verify Company Code Existence:
  
  Ensure that the company code you are trying to use exists in the system. You can check this using transaction code OBY6 or OBC4.
  
  
  
  Review Currency Settings:
  
  Check the currency settings for the company code using transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Global Parameters).
  Ensure that the local currency is defined and correctly assigned.
  
  
  
  Check for Data Inconsistencies:
  
  Use transaction code SE11 to check the relevant tables (like T001 for company codes) to ensure that the data is consistent and complete.
  
  
  
  Consult SAP Notes:
  
  Sometimes, specific issues may be documented in SAP Notes. Check the SAP Support Portal for any relevant notes that might address this error.
  
  
  
  Testing:
  
  After making any changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OBY6, OB22, and SE11 for configuration checks.
  SAP Documentation: Refer to SAP Help documentation for detailed guidance on configuring company codes and currencies.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to view and edit company code settings.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP Basis or functional team for further investigation.