How To Fix FINS_REV_REC111 - Currency &1 does not exist

SAP Error Message - Details

• Message type: E = Error

• Message class: FINS_REV_REC - Event Based revenue recognition

• Message number: 111

• Message text: Currency &1 does not exist

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_REV_REC111 - Currency &1 does not exist ?

  The SAP error message FINS_REV_REC111 with the description "Currency &1 does not exist" typically occurs in the context of financial transactions, particularly when dealing with revenue recognition or related financial processes. This error indicates that the system is unable to find the specified currency in its configuration.
  
  Cause:
  
  
  Missing Currency Configuration: The currency specified in the transaction or document does not exist in the system. This could be due to:
  
  The currency not being defined in the system.
  The currency not being activated for the relevant company code or controlling area.
  The currency being incorrectly entered in the transaction.
  
  
  
  Data Entry Error: There might be a typographical error in the currency code entered in the transaction.
  
  
  Currency Deactivation: The currency might have been deactivated or removed from the system after it was previously used.
  
  
  
  Solution:
  
  
  Check Currency Configuration:
  
  Go to the transaction code OB08 (or the relevant configuration path) to check if the currency is defined in the system.
  Ensure that