How To Fix FINS_ML_ERD018 - Invalid: Currency type &1, subtype &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: 018

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

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_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 type/subtype you are trying to use is correctly configured and active.
  
  
  
  Review Master Data:
  
  Check the master data for the relevant company code and ledger to ensure that the currency type/subtype is correctly assigned.
  Ensure that the currency settings in the master data are consistent with the transaction being processed.
  
  
  
  Validate Transaction Data:
  
  Review the transaction data that triggered the error. Ensure that the currency type and subtype are correctly specified and match the configuration.
  If necessary, correct the transaction data to align with the valid currency types/subtypes.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for more detailed information on currency types and subtypes, especially in the context of Multi-Ledger Accounting.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to ensure that the error is resolved.
  
  
  
  Related Information:
  
  Transaction Codes: You may need to use transaction codes like OB22 (Define Currency Types) or OBY6 (Define Company Code) to check and modify currency settings.
  SAP Notes: Check for any relevant SAP Notes that may address known issues or provide additional guidance related to this error message.
  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_ERD018 error message in SAP.