How To Fix F2034 - Currency key & is not defined

SAP Error Message - Details

• Message type: E = Error

• Message class: F2 - Master Data Maintenance: Customer, Vendor

• Message number: 034

• Message text: Currency key & is not defined

What causes this issue?

Currency key &v1& which you entered has not been defined.

System Response

Error message

How to fix this error?

Correct your entry.

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

Create currency key &V1&.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message F2034 - Currency key & is not defined ?

  The SAP error message F2034, which states "Currency key & is not defined," typically occurs when the system encounters a currency code that is not recognized or defined in the system. This can happen in various financial transactions, such as when processing invoices, payments, or financial reports.
  Cause:
  
  Undefined Currency: The currency code being used in the transaction is not defined in the SAP system.
  Incorrect Configuration: The currency may not be properly configured in the system settings.
  Data Entry Error: There may be a typo or incorrect entry in the currency field.
  Missing Currency in Master Data: The currency may not be included in the relevant master data records (e.g., vendor, customer, or company code).
  
  Solution:
  
  
  Check Currency Definition:
  
  Go to the transaction code OB08 (or use the menu path: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Verify if the currency code in question is listed. If it is not, you will need to define it.
  
  
  
  Define Currency:
  
  If the currency is not defined, you can add it by entering the currency code and description in the appropriate fields.
  
  
  
  Check Configuration:
  
  Ensure that the currency is properly configured in the relevant settings, such as company code settings and controlling area settings.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant entities (e.g., vendors, customers) to ensure that the currency is correctly assigned.
  
  
  
  Data Entry Verification:
  
  Double-check the transaction data for any typos or incorrect entries in the currency field.
  
  
  
  Consult Documentation:
  
  If you are unsure about the currency codes or their definitions, refer to your organization's financial documentation or consult with your finance team.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Define Currencies
  OB22: Define Currency Types
  OBY6: Define Company Code Global Parameters
  
  
  SAP Notes: Check for any relevant SAP Notes that may address specific issues related to currency definitions or configurations.
  User Roles: Ensure that you have the necessary authorizations to make changes to currency definitions or configurations.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.