How To Fix CMS_RE016 - Currency &1 not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: CMS_RE - Message class for CMS Real Estate Add On

• Message number: 016

• Message text: Currency &1 not defined

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

How to fix this error?

Select from the possible entries using input help on the field.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message CMS_RE016 - Currency &1 not defined ?

  The SAP error message CMS_RE016: Currency &1 not defined typically occurs when the system encounters a currency that has not been defined in the system settings. This can happen in various contexts, such as when processing financial transactions, creating documents, or during reporting.
  Cause:
  
  Missing Currency Definition: The currency specified in the transaction or document is not defined in the SAP system.
  Incorrect Configuration: The currency might not be properly configured in the relevant settings, such as in the company code or controlling area.
  Data Entry Error: There may be a typo or incorrect entry in the currency field.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Currency Definition:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) or OBY6 (Define Currencies).
  Verify if the currency code (represented by &1 in the error message) is listed. If it is not, you will need to define it.
  
  
  
  Define the Currency:
  
  If the currency is missing, you can add it by:
  
  Going to OB08 and entering the currency code, description, and exchange rate.
  Ensure that the currency is assigned to the relevant company code or controlling area.
  
  
  
  
  
  Check Company Code Settings:
  
  Use transaction code OBY6 to check if the currency is assigned to the company code.
  Ensure that the currency is set as the local currency or a parallel currency if applicable.
  
  
  
  Review Transaction Data:
  
  If the error occurs during a specific transaction, review the data entered to ensure that the currency code is correct and matches the defined currencies in the system.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency settings, refer to SAP documentation or consult with your SAP administrator for guidance.
  
  
  
  Related Information:
  
  Transaction Codes:
  
  OB08: Maintain Exchange Rates
  OBY6: Define Currencies
  OBY1: Define Company Code Settings
  
  
  Currency Types: Understand the difference between local currency, group currency, and transaction currency.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency definitions.
  
  By following these steps, you should be able to resolve the CMS_RE016 error and ensure that the currency is properly defined in your SAP system.