How To Fix FINS_ML_ERD018 - Invalid: Currency type &1, subtype &2, company code &3, ledger &4

FINS_ML_ERD018 - Overview

• Message type: E = Error

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

• Message number: 018

• Message text: Invalid: Currency type &1, subtype &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_ERD018 - Invalid: Currency type &1, subtype &2, company code &3, ledger &4 ?

  The SAP error message FINS_ML_ERD018 indicates that there is an issue with the currency type, subtype, company code, or ledger in the context of the Multi-Ledger Accounting (MLA) functionality. This error typically arises when there is an inconsistency or misconfiguration in the financial data related to currency settings.
  
  Cause:
  
  Invalid Currency Type/Subtype: The currency type or subtype specified in the transaction does not exist or is not valid for the specified company code and ledger.
  
  Configuration Issues: The currency settings in the configuration may not be set up correctly for the specified company code or ledger.
  Missing Master Data: The necessary master data for the currency type/subtype may be missing or incorrectly maintained.
  Inconsistent Data: There may be inconsistencies in the data between the transaction and the configuration settings.
  
  
  Solution:
  
  
  Check Configuration:
  
  Go to the configuration settings in SAP (Transaction SPRO) and verify the currency types and subtypes defined for the company code and ledger.
  Ensure that the currency