How To Fix 1E816 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: 1E - BCA: Account

• Message number: 816

• Message text: Currency &1 does not exist

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.

To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message 1E816 - Currency &1 does not exist ?

  The SAP error message "1E816 Currency &1 does not exist" typically indicates that the system is unable to recognize or find the specified currency code in its configuration. This can occur in various scenarios, such as when processing financial transactions, creating documents, or running reports.
  Cause:
  
  Invalid Currency Code: The currency code entered does not exist in the system. This could be due to a typo or using a currency that has not been defined in the system.
  Currency Not Activated: The currency may exist in the system but is not activated for the specific company code or controlling area.
  Missing Configuration: The currency might not be configured in the relevant financial settings, such as in the currency settings for the company code or in the master data of the relevant entities (e.g., vendors, customers).
  Data Migration Issues: If data has been migrated from another system, there may be inconsistencies or missing entries related to currency codes.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure there are no typos or incorrect characters.
  Currency Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the currency is defined.
  If the currency is not listed, you may need to add it.
  
  
  Activate Currency:
  
  Ensure that the currency is activated for the relevant company code. You can check this in the configuration settings under SPRO > Financial Accounting > General Settings > Currencies.
  
  
  Check Master Data: Review the master data for the relevant entities (e.g., vendors, customers) to ensure that the currency is correctly assigned.
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OB22: Define Currencies
  OBY6: Define Company Code Global Settings
  
  
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  User Authorizations: Ensure that the user has the necessary authorizations to view and modify currency settings.
  
  By following these steps, you should be able to identify and resolve the issue related to the "Currency &1 does not exist" error in SAP.