How To Fix 70008 - No currency entry 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: 008

• Message text: No currency entry 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, no currency entry exists 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 country key &1 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 70008 - No currency entry found for &1 in table T500W ?

  The SAP error message "70008 No currency entry found for &1 in table T500W" typically indicates that the system is unable to find a currency entry for a specific country or region in the T500W table, which is used to store currency information for various countries.
  Cause:
  
  Missing Currency Entry: The most common cause of this error is that there is no entry for the specified currency in the T500W table. This can happen if the currency has not been defined for the country or if the currency configuration is incomplete.
  Incorrect Configuration: The currency settings in the system may not be properly configured, leading to the absence of the required currency entry.
  Data Migration Issues: If data has been migrated from another system, there may have been issues during the migration process that resulted in missing entries in the T500W table.
  
  Solution:
  
  Check T500W Table: Use transaction code SE16 or SE16N to access the T500W table and check if there is an entry for the currency in question. If there is no entry, you will need to create one.
  Create Missing Entry:
  
  Go to transaction code OB22 (or the relevant configuration transaction) to maintain the currency settings.
  Ensure that the currency is defined for the relevant country/region.
  If necessary, add the missing currency entry to the T500W table.
  
  
  Review Configuration: Check the configuration settings related to currencies in your SAP system. Ensure that all necessary currencies are defined and properly linked to the relevant countries.
  Consult Documentation: Refer to SAP documentation or help resources for guidance on currency configuration and the T500W table.
  Check for Notes: Look for any SAP Notes that may address this specific error or provide additional guidance on resolving it.
  
  Related Information:
  
  T500W Table: This table contains currency information for various countries and is crucial for financial transactions in SAP.
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB22 (for currency configuration) and SE16/SE16N (for table access).
  SAP Support: If the issue persists after checking the configuration and entries, consider reaching out to SAP support for further assistance.
  
  By following these steps, you should be able to identify the cause of the error and implement a solution to resolve it.