How To Fix WS309 - Local currency of company code missing (no statistical updates)

SAP Error Message - Details

• Message type: E = Error

• Message class: WS - Supplier Billing Document

• Message number: 309

• Message text: Local currency of company code missing (no statistical updates)

What causes this issue?

The statistical update for document &V1& was terminated as the currency
of the company code (local currency) is missing, or the company code (
&V2&) is missing.

System Response

The statistical update is terminated to prevent statistical data being
damaged.

How to fix this error?

Please contact your system administrator, as this message is due to a
program error.
The error occurred in function module &V3&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message WS309 - Local currency of company code missing (no statistical updates) ?

  SAP Error Message:
  WS309 - Local currency of company code missing (no statistical updates)
  
  
  Cause:
  This error occurs when the local currency for a company code has not been maintained in the system. The local currency is essential for posting and statistical updates in financial transactions. Without it, SAP cannot perform currency conversions or generate correct financial reports.
  
  Explanation:
  
  Each company code in SAP must have a defined local currency (also called company code currency).
  The local currency is used for all postings and reporting within that company code.
  If this currency is missing or not maintained, SAP throws the WS309 error during posting or statistical update processes.
  
  
  How to Check:
  
  Go to SPRO ? Enterprise Structure ? Definition ? Financial Accounting ? Edit, Copy, Delete, Check Company Code.
  Or directly via transaction OBY6 (Company Code Global Parameters).
  Check the field Local Currency for the company code in question.
  
  
  
  Solution:
  
  
  Maintain the local currency for the company code:
  
  Use transaction OBY6.
  Enter the company code.
  Maintain