How To Fix FINS_ACDOC_CUST266 - Currency type &1 is non legal valuation, please enter legal currency type

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ACDOC_CUST - Unified Journal Entry - Customizing

• Message number: 266

• Message text: Currency type &1 is non legal valuation, please enter legal currency type

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 FINS_ACDOC_CUST266 - Currency type &1 is non legal valuation, please enter legal currency type ?

  The SAP error message FINS_ACDOC_CUST266 indicates that there is an issue with the currency type being used in a financial document. Specifically, it states that the currency type specified is not a legal valuation currency, and it prompts the user to enter a legal currency type.
  Cause:
  
  Invalid Currency Type: The currency type you are trying to use is not recognized as a valid or legal currency type in the system. This could happen if the currency type is not configured correctly in the system or if it is not allowed for the specific transaction you are trying to perform.
  Configuration Issues: The currency types may not be properly set up in the configuration settings of the SAP system. This could include missing entries in the currency type configuration tables.
  Transaction Type Restrictions: Certain transaction types may only allow specific currency types. If you are trying to use a currency type that is not permitted for the transaction, this error will occur.
  
  Solution:
  
  
  Check Currency Type: Verify the currency type you are trying to use. Ensure that it is a valid currency type in your SAP system. Common legal currency types include:
  
  10: Company Code Currency
  20: Group Currency
  30: Hard Currency
  40: Index Currency
  50: Transaction Currency
  
  
  
  Review Configuration: 
  
  Go to the configuration settings in SAP (Transaction SPRO) and navigate to the relevant sections for currency types. Check if the currency type you are using is defined and allowed for the specific transaction.
  Ensure that the currency type is assigned to the relevant company code and that it is marked as a legal currency type.
  
  
  
  Use Legal Currency: If you are entering a transaction, make sure to select a currency type that is recognized as legal for that transaction. If you are unsure, consult with your finance or SAP configuration team.
  
  
  Consult Documentation: Review SAP documentation or help resources for more information on currency types and their configurations.
  
  
  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: You may need to use transaction codes like OB22 (for defining currency types) or OBY6 (for defining company code settings) to check and modify currency type settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance on currency type configurations.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to currency types and financial documents in SAP.
  
  By following these steps, you should be able to resolve the error and proceed with your financial transactions in SAP.