How To Fix FINS_IC_CUST034 - Missing target crcy key for ledger &1, comp. code &2, target crcy type &3

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_IC_CUST - Manage Currencies: Customizing

• Message number: 034

• Message text: Missing target crcy key for ledger &1, comp. code &2, target crcy type &3

What causes this issue?

In project &V4&, the system couldn't derive a valid target currency key
for the data conversion of ledger &V1&, company code &V2& and target
currency type &V3&. For this reason, the data conversion cannot be
performed in project &V4&.

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?

You can check and create a valid configuration for project &V4&,
including assignments of ledgers and company codes, in the Customizing
activity
<DS:SIMG.FINSVC_IC_PROJ>Create Project for Managing Currencies</>.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message FINS_IC_CUST034 - Missing target crcy key for ledger &1, comp. code &2, target crcy type &3 ?

  The SAP error message FINS_IC_CUST034 indicates that there is a missing target currency key for a specific ledger, company code, and target currency type. This error typically arises in the context of intercompany accounting or when dealing with multiple currencies in financial transactions.
  Cause:
  
  Missing Configuration: The target currency key may not be defined in the system for the specified ledger and company code. This can happen if the necessary configuration for currency types has not been completed.
  Incorrect Settings: The settings for the currency types in the financial accounting configuration may be incorrect or incomplete.
  Data Entry Errors: There may be a data entry error where the target currency type is not correctly specified in the transaction or configuration.
  
  Solution:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings > Currencies > Define Target Currency Types.
  Ensure that the target currency type is defined for the specified ledger and company code.
  
  
  
  Define Missing Currency Keys:
  
  If the target currency key is missing, you will need to create it. This can be done in the same configuration area where you define currency types.
  Make sure that the currency key is correctly linked to the relevant ledger and company code.
  
  
  
  Review Transaction Data:
  
  Check the transaction that triggered the error. Ensure that the target currency type is correctly specified and that all necessary fields are filled out.
  
  
  
  Consult Documentation:
  
  Review SAP documentation or help resources for any specific requirements related to the configuration of currency types and intercompany transactions.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error has been resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates) or OB22 (for defining currency types) to check or update currency settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional guidance.
  User Roles: Ensure that you have the necessary authorizations to make changes to financial configurations in SAP.
  
  If the issue persists after following these steps, it may be beneficial to consult with your SAP support team or a functional consultant who specializes in financial accounting within SAP.