How To Fix >0256 - Currency key for a parallel currency is not defined for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: >0 - General Basis texts

• Message number: 256

• Message text: Currency key for a parallel currency is not defined for company code &1

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message >0256 - Currency key for a parallel currency is not defined for company code &1 ?

  The SAP error message 0256 indicates that there is an issue with the configuration of parallel currencies for a specific company code. This error typically arises when a transaction is attempted that requires a parallel currency, but the system cannot find a defined currency key for that parallel currency in the company code settings.
  Cause:
  The error occurs due to one of the following reasons:
  
  Missing Parallel Currency Configuration: The company code does not have a parallel currency defined in its settings.
  Incorrect Currency Settings: The currency settings for the company code may not be properly configured, leading to the absence of a required currency key.
  Transaction Type: The transaction being processed may require a parallel currency, but the necessary configuration is not in place.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check Company Code Settings:
  
  Go to the transaction code OBY6 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Define Global Parameters).
  Select the relevant company code and check the currency settings.
  Ensure that a parallel currency is defined (e.g., Group currency or Hard currency).
  
  
  
  Define Parallel Currency:
  
  If a parallel currency is not defined, you can add it by selecting the appropriate currency type (e.g., Group currency) and entering the currency key (e.g., EUR, USD).
  Make sure to save your changes.
  
  
  
  Check Transaction Configuration:
  
  If the error occurs during a specific transaction, verify that the transaction is set up to handle parallel currencies correctly.
  Ensure that the necessary configurations are in place for the transaction type being processed.
  
  
  
  Test the Configuration:
  
  After making the necessary changes, perform a test transaction to ensure that the error no longer occurs.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OBY6: Define Global Parameters for Company Code
  OB22: Define Currency Types
  
  
  Documentation: Refer to SAP Help documentation for detailed information on currency configuration and parallel currencies.
  Support: If the issue persists after checking the configurations, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the error message 0256 and ensure that your company code is properly configured to handle parallel currencies.