How To Fix WAO_TRANSFER_PRICES014 - Profit center local currency not set in controlling area &1

SAP Error Message - Details

• Message type: E = Error

• Message class: WAO_TRANSFER_PRICES - Messages for the Transfer Prices Web Add-On

• Message number: 014

• Message text: Profit center local currency not set in controlling area &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message WAO_TRANSFER_PRICES014 - Profit center local currency not set in controlling area &1 ?

  The SAP error message WAO_TRANSFER_PRICES014 indicates that the profit center's local currency is not set in the specified controlling area. This error typically arises during the processing of transfer prices or when attempting to post transactions that involve profit centers.
  Cause:
  
  Missing Configuration: The profit center does not have a local currency defined in the controlling area.
  Incorrect Master Data: The profit center master data may not be properly maintained, leading to the absence of a local currency setting.
  Controlling Area Settings: The controlling area itself may not be configured correctly to handle the currencies associated with the profit centers.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Profit Center Master Data:
  
  Go to the transaction code KE52 (Change Profit Center).
  Enter the profit center and the controlling area.
  Verify if the local currency is set. If it is not, you will need to maintain it.
  
  
  
  Maintain Local Currency:
  
  If the local currency is missing, you can set it by editing the profit center master data.
  Ensure that the local currency matches the currency settings of the controlling area.
  
  
  
  Review Controlling Area Settings:
  
  Use transaction code OKKP (Controlling Area) to check the settings of the controlling area.
  Ensure that the controlling area is configured to support the currencies used by the profit centers.
  
  
  
  Check Currency Settings:
  
  Ensure that the currency settings in the company code and controlling area are consistent and correctly defined.
  
  
  
  Consult Documentation:
  
  If you are unsure about the settings, refer to SAP documentation or consult with your SAP Basis or FI/CO consultant for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  KE52: Change Profit Center
  OKKP: Controlling Area Settings
  KE51: Create Profit Center
  KE53: Display Profit Center
  
  
  
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to this error message.
  
  
  User Roles: Ensure that you have the necessary authorizations to make changes to profit center master data and controlling area settings.
  
  
  By following these steps, you should be able to resolve the error and ensure that the profit center is correctly configured for use in your SAP system.