How To Fix FML_CUST018 - No currency type and valuation view for company code &1

SAP Error Message - Details

• Message type: E = Error

• Message class: FML_CUST - Message Class for ML Customizuing

• Message number: 018

• Message text: No currency type and valuation view for company code &1

What causes this issue?

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

System Response

The customizing of the material ledger currency setting is invalid. The
currency setting is <LS>Like FI/CO</> but the system could not determine
at least one currency type.
This error occurs when the currency setting is CO (and not FI), but the
company code is not assigned to the controlling area.

How to fix this error?

Create a new ML type and assign it to the valuation area:
<DS:SIMG.CFMENUOLMWOMX2_1>Assign Currency Types and Define Material
Ledger Types</>
<DS:SIMG.CFMENUOLMWOMX3_1>Assign Material Ledger Types to Valuation Area
</>
Run the report FINS_ML_XPRA_ADOPT_MULTILEDGER manually.

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 FML_CUST018 - No currency type and valuation view for company code &1 ?

  The SAP error message FML_CUST018 indicates that there is no currency type and valuation view defined for the specified company code. This error typically arises in the context of financial transactions or when trying to perform operations that require currency valuation.
  Cause:
  
  Missing Configuration: The primary cause of this error is that the necessary configuration for currency types and valuation views has not been set up for the specified company code in the system.
  Incorrect Company Code: The company code specified in the transaction may not be correctly configured or may not exist in the system.
  Data Inconsistency: There may be inconsistencies in the master data or configuration settings related to currency types and valuation views.
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Configuration:
  
  Go to the SAP Customizing Implementation Guide (SPRO).
  Navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Currencies > Define Currency Types.
  Ensure that the currency types are defined for the relevant company code.
  
  
  
  Define Valuation Views:
  
  Still in the SPRO, navigate to Financial Accounting (New) > Financial Accounting Global Settings (New) > Valuation > Define Valuation Views.
  Check if the valuation views are correctly set up for the company code in question.
  
  
  
  Check Company Code Settings:
  
  Ensure that the company code is correctly configured and active.
  Verify that the currency settings for the company code are correctly defined.
  
  
  
  Review Master Data:
  
  Check the master data for any inconsistencies that might be causing the issue.
  Ensure that all relevant financial documents and master records are correctly maintained.
  
  
  
  Testing:
  
  After making the necessary changes, test the transaction again to see if the error persists.
  
  
  
  Related Information:
  
  Transaction Codes: You may use transaction codes like OB08 (to maintain exchange rates) and OBY6 (to define company code settings) to assist in your configuration checks.
  Documentation: Refer to SAP Help documentation for detailed steps on configuring currency types and valuation views.
  Support: If the issue persists after checking the configuration, consider reaching out to your SAP support team or consulting the SAP community for further assistance.
  
  By following these steps, you should be able to resolve the FML_CUST018 error and ensure that your company code is properly configured for currency types and valuation views.