How To Fix FDT_SERVICE045 - Currency &1 does not exist in this system

SAP Error Message - Details

• Message type: E = Error

• Message class: FDT_SERVICE - Formula & Derivation Tool: Services

• Message number: 045

• Message text: Currency &1 does not exist in this system

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 FDT_SERVICE045 - Currency &1 does not exist in this system ?

  The SAP error message FDT_SERVICE045 indicates that the currency specified (denoted by &1) does not exist in the system. This error typically arises in scenarios involving financial transactions, currency conversions, or when working with financial documents where a specific currency is required.
  Cause:
  
  Currency Not Defined: The currency you are trying to use has not been defined in the system.
  Incorrect Currency Code: There may be a typo or incorrect currency code being used in the transaction.
  Missing Configuration: The currency might not be configured in the relevant company code or controlling area.
  Data Migration Issues: If data has been migrated from another system, the currency might not have been included in the migration process.
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (Maintain Exchange Rates) to check if the currency is defined.
  Ensure that the currency is set up in the system and is active.
  
  
  
  Define Currency:
  
  If the currency is not defined, you can add it using the transaction code OB08 or through the configuration settings in the SAP system.
  Make sure to define the currency in the relevant company code.
  
  
  
  Verify Currency Code:
  
  Double-check the currency code being used in the transaction to ensure it is correct and matches the standard ISO currency codes.
  
  
  
  Check Company Code Settings:
  
  Ensure that the currency is assigned to the relevant company code. You can check this in the configuration settings under Financial Accounting > General Ledger > Master Data > G/L Accounts > Preparation > Define Account Groups.
  
  
  
  Consult with SAP Basis or Functional Team:
  
  If you are unable to resolve the issue, consult with your SAP Basis or functional team to ensure that the currency is properly configured and that there are no underlying issues with the system.
  
  
  
  Related Information:
  
  Transaction Codes: 
  
  OB08: Maintain Exchange Rates
  OBY6: Define Company Code Global Parameters
  
  
  Documentation: Refer to SAP Help documentation for more details on currency configuration and management.
  SAP Notes: Check for any relevant SAP Notes that might address specific issues related to currency configuration or the error message itself.
  
  By following these steps, you should be able to identify the cause of the error and implement the necessary solutions to resolve it.