How To Fix BUR724 - Currency & does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: BUR - Business Partner Relationships

• Message number: 724

• Message text: Currency & 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 BUR724 - Currency & does not exist ?

  The SAP error message BUR724 indicates that the currency specified in a transaction does not exist in the system. This can occur in various contexts, such as when trying to post a financial document, create a purchase order, or perform any transaction that involves currency.
  Cause:
  
  Incorrect Currency Code: The currency code entered may be misspelled or not recognized by the system.
  Currency Not Defined: The currency may not be defined in the system configuration.
  Missing Exchange Rate: If the currency exists but there is no exchange rate defined for it, this error can occur.
  Inactive Currency: The currency might be inactive or not available for the specific company code or controlling area.
  
  Solution:
  
  Check Currency Code: Verify that the currency code entered is correct. Ensure there are no typos or incorrect characters.
  Define Currency: If the currency does not exist, you may need to define it in the system. This can typically be done in the following way:
  
  Go to Transaction Code OX19 (for defining currencies).
  Check if the currency is listed. If not, you may need to create it.
  
  
  Set Up Exchange Rates: If the currency exists but lacks an exchange rate, you can define the exchange rates using:
  
  Transaction Code OB08 (for maintaining exchange rates).
  Enter the currency pair and the relevant exchange rate.
  
  
  Check Company Code Settings: Ensure that the currency is active for the relevant company code or controlling area. You can check this in the configuration settings.
  Consult with SAP Basis or Functional Team: If you do not have the necessary permissions to make changes, consult with your SAP Basis or functional team for assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OX19 (Define Currencies) and OB08 (Maintain Exchange Rates).
  SAP Notes: Check SAP Notes for any known issues or patches related to currency handling.
  Documentation: Review SAP documentation for currency management to understand how currencies are configured and used within your specific SAP environment.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or refer to SAP community forums for additional insights.