How To Fix FC045 - Define a currency key for currency type &

SAP Error Message - Details

• Message type: E = Error

• Message class: FC - FI configuration error messages

• Message number: 045

• Message text: Define a currency key for currency type &

What causes this issue?

No currency key has been defined for the specified currency type.

System Response

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

How to fix this error?

Depending on the currency type, define a currency key as follows:
Currency type "11" "12"
The currency key is identical to the key of the local currency. You
cannot and do not have to define other values.
Currency type "30" "31" "32"
You define the currency key for these currency types when you define
the client. You do this by selecting Basic Functions -> Set Up Clients
in the Customizing menu. Here you select the activity "Define Clients".
Currency type "40"
You define the currency key for this currency type when defining the
countries in the "Hard currency" field. You do this by selecting
<LS>General settings -> Set countries -> Define countries</> in the
Implementation Guide (IMG).
Currency type "50"
Define the currency key for this currency type when you define the
countries in the "Index currency" field. Do this by selecting
<LS>General settings -> Set countries -> Define countries</> in the
IMG.
Currency type "60"
You define the currency key for this currency type when you maintain
the companies. Do this by selecting <LS>Financial Accounting ->
Consolidation -> Master Data -> Companies -> Maintain companies</> in
the IMG.

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FC045 - Define a currency key for currency type & ?

  The SAP error message FC045, which states "Define a currency key for currency type &," typically occurs when the system is unable to find a currency key associated with a specified currency type in the configuration settings. This can happen in various financial transactions or when setting up financial documents.
  
  Cause:
  
  Missing Currency Key: The currency type specified in the transaction does not have an associated currency key defined in the system.
  
  Configuration Issues: The currency type may not be properly configured in the system settings.
  Custom Development: If there are custom developments or enhancements, they might not be handling currency types correctly.
  
  
  Solution:
  To resolve the FC045 error, follow these steps:
  
  
  Check Currency Type Configuration:
  
  Go to the transaction code OB08 (or navigate through the menu: SPRO > Financial Accounting > Financial Accounting Global Settings > Currencies > Define Currencies).
  Ensure that the currency type in question is defined and has a corresponding currency key.
  
  
  
  Define Currency Keys:
  
  If the