How To Fix 70007 - More than two currency entries found for &1 in table T500W

SAP Error Message - Details

• Message type: E = Error

• Message class: 70 - HR: Messages in Master Data Reporting

• Message number: 007

• Message text: More than two currency entries found for &1 in table T500W

What causes this issue?

Table T500W <LS>Valid Country Currencies</> is not maintained properly.
This table specifies the validity period for both the the old national
currency and the euro for the country that is about to convert. The
dual-currency phase arises out of these two entries.
At the moment, there are more than two currency entries available for
country key &V1&.

System Response

The system terminates the process. You can use the selection screen to
make new entries.

How to fix this error?

Specify the validity period for the old national currency and the euro
for the country key &V1& in table T500W <LS>Valid Country
Currencies</>.
You will find further information about pay scale or payroll currency
conversion in the documentation of report <DS:RE.RPUEMU00>RPUEMU00</>
or <DS:RE.RPUEMUXX>RPUEMUXX</>.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 70007 - More than two currency entries found for &1 in table T500W ?

  The SAP error message 70007, which states "More than two currency entries found for &1 in table T500W," typically occurs when there are multiple currency entries for a specific country in the T500W table, which is used for currency conversion and exchange rate determination in SAP.
  Cause:
  The error is caused by the presence of more than two currency entries for a specific country in the T500W table. This can happen due to:
  
  Data Entry Errors: Incorrect or duplicate entries may have been made in the T500W table.
  Configuration Issues: The system may have been incorrectly configured to allow multiple currencies for a single country.
  Migration Issues: If data was migrated from another system, it may have resulted in duplicate or incorrect entries.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Check the T500W Table:
  
  Use transaction code SE16 or SE16N to view the T500W table.
  Filter the entries by the country code that is causing the error (replace &1 with the actual country code).
  Identify and review the currency entries for that country.
  
  
  
  Remove or Correct Duplicate Entries:
  
  If you find more than two entries for the same country, you will need to determine which entries are valid and which can be deleted or corrected.
  Ensure that only the necessary currency entries remain in the table.
  
  
  
  Consult with Functional Team:
  
  If you are unsure about which entries to keep or delete, consult with your SAP functional team or a consultant who specializes in financial configuration.
  
  
  
  Test the Changes:
  
  After making changes to the T500W table, test the relevant transactions to ensure that the error no longer occurs.
  
  
  
  Documentation:
  
  Document any changes made for future reference and to maintain a clear audit trail.
  
  
  
  Related Information:
  
  Transaction Codes: SE16, SE16N (to view table entries), and possibly SE11 (to view the data dictionary).
  Table T500W: This table contains currency conversion data and is crucial for financial transactions in SAP.
  SAP Notes: Check for any relevant SAP Notes that may provide additional guidance or patches related to this error.
  
  If the issue persists after following these steps, it may be necessary to engage SAP support for further assistance.