How To Fix FINS_ML_ERD017 - Invalid: Currency type &1, valuation type &2, company code &3, ledger &4

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_ML_ERD - Material Ledger: Exchange Rate Differences

• Message number: 017

• Message text: Invalid: Currency type &1, valuation type &2, company code &3, ledger &4

Self-Explanatory Message

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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_ML_ERD017 - Invalid: Currency type &1, valuation type &2, company code &3, ledger &4 ?

  The SAP error message FINS_ML_ERD017 indicates that there is an issue with the currency type, valuation type, company code, or ledger in the context of the Multi-Layered (ML) accounting. This error typically arises during the execution of financial transactions or when trying to post documents in the system.
  Cause:
  The error can be caused by several factors, including:
  
  Invalid Currency Type: The currency type specified in the transaction does not exist or is not configured correctly in the system.
  Invalid Valuation Type: The valuation type may not be defined for the specified currency type or is not valid for the given company code and ledger.
  Company Code Issues: The company code may not be set up correctly or may not have the necessary configurations for the specified currency and valuation types.
  Ledger Configuration: The ledger specified may not be active or may not support the currency type and valuation type being used.
  Master Data Issues: There may be inconsistencies in the master data related to the currency or valuation types.
  
  Solution:
  To resolve the error, you can take the following steps:
  
  
  Check Currency Type:
  
  Verify that the currency type specified in the transaction is valid and exists in the system.
  Go to the configuration settings for currencies and ensure that the currency type is correctly defined.
  
  
  
  Validate Valuation Type:
  
  Check if the valuation type is correctly defined for the currency type in question.
  Ensure that the valuation type is active and properly configured in the system.
  
  
  
  Review Company Code Settings:
  
  Ensure that the company code is correctly set up to handle the specified currency and valuation types.
  Check the company code settings in the configuration to ensure they align with the transaction requirements.
  
  
  
  Examine Ledger Configuration:
  
  Verify that the ledger specified in the error message is active and configured to support the currency and valuation types being used.
  Check the ledger settings in the system to ensure they are correct.
  
  
  
  Check Master Data:
  
  Review the relevant master data (e.g., vendor, customer, material) to ensure that there are no inconsistencies related to currency and valuation types.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for specific guidance on the error message and related configurations.
  
  
  
  Testing:
  
  After making the necessary adjustments, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB08 (for maintaining exchange rates), OBY6 (for defining currency types), or OBY1 (for defining valuation types) to check and configure the necessary settings.
  SAP Notes: Check for any relevant SAP Notes that may address this specific error or provide additional troubleshooting steps.
  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.
  
  By following these steps, you should be able to identify and resolve the cause of the FINS_ML_ERD017 error in your SAP system.