How To Fix AH724 - You must specify a currency for average prices with a start value

SAP Error Message - Details

• Message type: E = Error

• Message class: AH - IS-U billing (master data)

• Message number: 724

• Message text: You must specify a currency for average prices with a start value

What causes this issue?

Operand: &v1&
Season: &v2&
Price key: &v4&
The price key &v4& was defined without a currency in the installation
facts.

System Response

Inspection of the installation facts was canceled.

How to fix this error?

Enter a currency key.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message AH724 - You must specify a currency for average prices with a start value ?

  The SAP error message AH724 indicates that when you are trying to maintain average prices for a material, you have not specified a currency for the average price with a start value. This error typically occurs in the context of material master data maintenance, particularly when dealing with valuation and pricing.
  Cause:
  The error is triggered when:
  
  You are trying to set an average price for a material but have not provided a currency.
  The system requires a currency to calculate and display the average price correctly.
  
  Solution:
  To resolve the AH724 error, follow these steps:
  
  
  Access Material Master Data:
  
  Go to the transaction code MM02 (Change Material) or MM01 (Create Material) depending on your scenario.
  
  
  
  Select the Appropriate Views:
  
  Ensure you are in the "Accounting" view (or "Valuation" view) where average prices are maintained.
  
  
  
  Specify Currency:
  
  Look for the field where you can enter the average price. Make sure to specify the currency in which the average price is to be maintained. This is usually done in the "Currency" field adjacent to the average price field.
  
  
  
  Enter Start Value:
  
  If you are entering a start value for the average price, ensure that both the currency and the start value are filled in correctly.
  
  
  
  Save Changes:
  
  After entering the required information, save your changes.
  
  
  
  Related Information:
  
  Material Valuation: Understanding how material valuation works in SAP is crucial. Average price is one of the methods used for valuing inventory.
  Currency Configuration: Ensure that the currency settings in your SAP system are correctly configured. This includes checking the currency types and ensuring that the currency is valid for the company code.
  User Authorizations: Make sure you have the necessary authorizations to change material master data, as restrictions can sometimes lead to errors.
  SAP Notes: If the problem persists, check for any relevant SAP Notes or updates that might address this specific error or provide additional guidance.
  
  By following these steps, you should be able to resolve the AH724 error and successfully maintain the average price for your material in SAP.