How To Fix FC017 - For company code &, enter a valid currency

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 017

• Message text: For company code &, enter a valid currency

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 FC017 - For company code &, enter a valid currency ?

  The SAP error message FC017 indicates that there is an issue with the currency configuration for a specific company code. This error typically arises when a transaction is attempted that involves a currency that is not valid or not configured for the specified company code.
  Cause:
  
  Invalid Currency Configuration: The currency you are trying to use in a transaction is not assigned to the company code in the system.
  Missing Currency in Master Data: The currency may not be defined in the master data for the company code.
  Incorrect Transaction Settings: The transaction you are trying to execute may not support the currency being used.
  Currency Type Issues: The currency type (e.g., local currency, group currency) may not be set up correctly for the company code.
  
  Solution:
  
  
  Check Company Code Configuration:
  
  Go to the transaction code OB22 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Company Code > Define Company Code).
  Ensure that the currency you are trying to use is listed for the company code in question.
  
  
  
  Define Currencies:
  
  If the currency is not defined, you can add it by going to the transaction code OB08 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Make sure that the currency is set up correctly and is active.
  
  
  
  Check Master Data:
  
  Review the master data for the relevant accounts (e.g., vendor, customer, or general ledger accounts) to ensure that the currency is correctly assigned.
  
  
  
  Review Transaction Settings:
  
  Ensure that the transaction you are trying to execute allows for the currency you are using. Some transactions may have restrictions on the currencies that can be used.
  
  
  
  Consult Documentation:
  
  If you are unsure about the configuration, refer to SAP documentation or consult with your SAP administrator or functional consultant for guidance.
  
  
  
  Related Information:
  
  
  Transaction Codes:
  
  OB22: Define Company Code
  OB08: Define Currencies
  FS00: Create/Change G/L Account
  FK01: Create Vendor
  FD01: Create Customer
  
  
  
  SAP Notes: Check SAP Notes for any known issues or patches related to currency configuration and error FC017.
  
  
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to the currency settings.
  
  
  By following these steps, you should be able to resolve the FC017 error and ensure that the correct currency is configured for your company code in SAP.