How To Fix FIN_BUS_ENT010 - Invalid currency type &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FIN_BUS_ENT - Messages for Package FIN_BUSINESS_ENTITIES

• Message number: 010

• Message text: Invalid currency type &1

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 FIN_BUS_ENT010 - Invalid currency type &1 ?

  The SAP error message FIN_BUS_ENT010: Invalid currency type &1 typically occurs in the context of financial transactions or postings where a currency type that is not recognized or valid is being used. This error can arise in various modules, including Financial Accounting (FI) or Controlling (CO).
  Cause:
  
  Invalid Currency Code: The currency code being used in the transaction is not recognized by the system. This could be due to a typo or using a currency that has not been defined in the system.
  Configuration Issues: The currency type may not be properly configured in the system settings. This includes missing entries in the currency tables or incorrect settings in the company code.
  Transaction Type Mismatch: The currency type may not be appropriate for the specific transaction type being processed.
  Master Data Issues: The master data (e.g., vendor, customer, or material) may have an invalid currency type assigned.
  
  Solution:
  
  Check Currency Code: Verify the currency code being used in the transaction. Ensure that it is correctly spelled and corresponds to a valid currency in the system.
  Review Configuration: 
  
  Go to the configuration settings in SAP and check the currency settings for the relevant company code.
  Ensure that the currency type is defined in the system. You can check this in the transaction code OB08 (for maintaining exchange rates) or OBY6 (for defining currencies).
  
  
  Update Master Data: If the error is related to master data, check the relevant master records (e.g., vendor or customer records) to ensure that they have valid currency types assigned.
  Consult Documentation: Review SAP documentation or help files for any specific requirements related to currency types in the context of the transaction you are trying to execute.
  Contact Support: If the issue persists after checking the above points, consider reaching out to your SAP support team or consulting with an SAP expert for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OB08 (Exchange Rate Maintenance), OBY6 (Define Currencies), and FS00 (G/L Account Master Data).
  Currency Types: Understand the different currency types used in SAP, such as:
  
  Transaction Currency: The currency in which the transaction is conducted.
  Local Currency: The currency of the company code.
  Group Currency: A currency used for consolidation purposes.
  
  
  SAP Notes: Check for any SAP Notes related to currency issues that may provide additional insights or patches.
  
  By following these steps, you should be able to identify and resolve the cause of the FIN_BUS_ENT010 error in SAP.