How To Fix VK547 - No local currency could be determined for purchasing organization &1

SAP Error Message - Details

• Message type: E = Error

• Message class: VK - Pflege und Bearbeitung von Konditionen

• Message number: 547

• Message text: No local currency could be determined for purchasing organization &1

Self-Explanatory Message

Since SAP believes that this specific error message is 'self-explanatory,' no more information has been given.The majority of messages in the SAP system have a message text, however this is frequently insufficient to comprehend or resolve the problem.

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Smart SAP Assistant

• What is the cause and solution for SAP error message VK547 - No local currency could be determined for purchasing organization &1 ?

  The SAP error message VK547 "No local currency could be determined for purchasing organization &1" typically occurs when the system is unable to find a valid local currency for the specified purchasing organization. This can happen for several reasons, and here are the common causes, solutions, and related information:
  Causes:
  
  Missing Configuration: The purchasing organization may not have been properly configured with a local currency in the system.
  Currency Settings: The currency settings in the company code or purchasing organization may not be aligned or may be missing.
  Master Data Issues: The vendor master data or purchasing info records may not have the correct currency settings.
  Company Code Issues: The company code associated with the purchasing organization may not have a defined local currency.
  
  Solutions:
  
  
  Check Purchasing Organization Configuration:
  
  Go to the configuration settings for the purchasing organization in the SAP system (Transaction code: OX17).
  Ensure that the local currency is defined for the purchasing organization.
  
  
  
  Verify Company Code Settings:
  
  Check the company code settings (Transaction code: OX02).
  Ensure that the local currency is correctly set for the company code associated with the purchasing organization.
  
  
  
  Review Vendor Master Data:
  
  Use transaction code XK03 to display the vendor master data.
  Ensure that the vendor is assigned the correct currency and that it matches the purchasing organization’s currency.
  
  
  
  Check Info Records:
  
  If applicable, check the purchasing info records (Transaction code: ME13) to ensure that the currency is correctly set.
  
  
  
  Currency Type:
  
  Ensure that the currency type used in the purchasing organization is valid and corresponds to the local currency settings.
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If the issue persists, consult with your SAP Basis or functional team to check for any underlying configuration issues or system settings that may be affecting currency determination.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OX17: Define Purchasing Organization
  OX02: Define Company Code
  XK03: Display Vendor Master
  ME13: Display Purchasing Info Record
  
  
  
  Documentation: Refer to SAP Help documentation for detailed information on configuring purchasing organizations and currency settings.
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to this error message.
  
  
  By following these steps, you should be able to identify and resolve the issue causing the VK547 error message in SAP.