How To Fix 06318 - Currency & not defined (please enter a valid currency

SAP Error Message - Details

• Message type: E = Error

• Message class: 06 -

• Message number: 318

• Message text: Currency & not defined (please enter a valid currency

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Error message extract from SAP system. Copyright SAP SE.

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• What is the cause and solution for SAP error message 06318 - Currency & not defined (please enter a valid currency ?

  The SAP error message "06318 Currency & not defined (please enter a valid currency)" typically occurs when a currency code that is being used in a transaction or configuration is not recognized by the system. This can happen in various contexts, such as during the entry of financial documents, pricing conditions, or master data records.
  Causes:
  
  Invalid Currency Code: The currency code entered does not exist in the system.
  Currency Not Defined in Customizing: The currency may not be defined in the relevant customizing settings (e.g., in the currency settings for a company code).
  Missing Currency in Master Data: The currency may not be assigned to the relevant master data (e.g., vendor, customer, or material master).
  Incorrect Configuration: The currency may not be properly configured in the system settings, such as in the controlling area or company code.
  Data Entry Error: A typographical error in the currency code can lead to this message.
  
  Solutions:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure that it follows the standard ISO currency codes (e.g., USD for US Dollar, EUR for Euro).
  Define Currency in Customizing:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies.
  Check if the currency is defined and active for the relevant company code or controlling area.
  
  
  Assign Currency to Master Data:
  
  For vendor or customer master data, ensure that the currency is assigned correctly.
  Use transaction codes like XK02 (Change Vendor) or FD02 (Change Customer) to check and update the currency settings.
  
  
  Check Configuration Settings:
  
  Ensure that the currency is included in the relevant configuration settings for the company code or controlling area.
  
  
  Consult with SAP Basis or Functional Team: If you are unable to resolve the issue, consult with your SAP Basis or functional team to check for any system-wide issues or configurations that may need to be addressed.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Maintain Exchange Rates), OBY6 (Define Company Code), and OBD2 (Define Currencies for Company Code).
  Documentation: Refer to SAP Help documentation for more details on currency configuration and management.
  User Authorization: Ensure that you have the necessary authorizations to make changes to currency settings or master data.
  
  By following these steps, you should be able to identify the cause of the error and implement the appropriate solution.