How To Fix FGL_PRE_CHECK018 - Currency types for ML do not exist (Valuation Area &1)

FGL_PRE_CHECK018 - Overview

• Message type: E = Error

• Message class: FGL_PRE_CHECK - Pre Transition Check FI-GL

• Message number: 018

• Message text: Currency types for ML do not exist (Valuation Area &1)

What causes this issue?

System could not determine currency and valuation types to be used by
Material Ledger in valuation area &v1&.

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?

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

FGL_PRE_CHECK018 - Details

• The SAP error message FGL_PRE_CHECK018 indicates that there are missing currency types for the Material Ledger (ML) in a specific valuation area. This error typically arises during the configuration or execution of processes that involve the Material Ledger, such as during the activation of the Material Ledger or when performing certain financial transactions.
  
  Cause:
  The error occurs when the system cannot find the necessary currency types for the specified valuation area. This can happen due